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Inventories
 3 Months Ended
Mar. 31, 2012
Inventories [Abstract]  
Inventories

(5) Inventories

The following table details our inventories and the reduction of certain inventories to a LIFO basis:

 

                 
    March 31,     December 31,  
    2012     2011  

Inventories (at FIFO, which approximates replacement value):

                

Raw materials

   $ 154.7     $ 154.3  

Work in process

     140.6       122.8  

Finished goods

     652.0       574.3  
   

 

 

    

 

 

  

Subtotal (at FIFO)

     947.3       851.4  

Reduction of certain inventories to LIFO basis

     (56.3 )      (53.3 )
   

 

 

    

 

 

  

Total

   $ 891.0     $ 798.1  
   

 

 

    

 

 

  

 

We determine the value of our legacy Sealed Air non-equipment U.S. inventories by the last-in, first-out or LIFO inventory method. U.S. inventories determined by the LIFO method were $130 million at March 31, 2012 and $121 million at December 31, 2011.