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Inventories (Tables)
3 Months Ended
Mar. 31, 2018
Inventory Disclosure [Abstract]  
Components of Inventories

Net inventories as of March 31, 2018 and December 31, 2017 are summarized in the table below:

 

 

 

March 31,

2018

 

 

December 31,

2017

 

(Dollars in millions)

 

 

 

 

 

 

 

 

Raw materials

 

$

180.1

 

 

$

173.6

 

Work in process

 

 

10.9

 

 

 

11.2

 

Finished goods

 

 

100.1

 

 

 

98.4

 

 

 

$

291.1

 

 

$

283.2

 

Less revaluation to LIFO

 

 

47.9

 

 

 

46.3

 

Net

 

$

243.2

 

 

$

236.9