XML 63 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Inventories
 6 Months Ended
Jun. 30, 2012
Inventories [Abstract]  
Inventories

(5) Inventories

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

 

                 
    June 30,
2012		     December 31,
2011		  

Inventories (at FIFO, which approximates replacement value):

                

Raw materials

   $ 161.9     $ 154.3  

Work in process

     142.2       122.8  

Finished goods

     635.9       574.3  
   

 

 

    

 

 

  

Subtotal (at FIFO)

     940.0       851.4  

Reduction of certain inventories to LIFO basis

     (56.7 )      (53.3 ) 
   

 

 

    

 

 

  

Total

   $     883.3     $     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 $136 million at June 30, 2012 and $121 million at December 31, 2011.