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Inventories
9 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
Inventories

11. Inventories

Net inventories as of September 30, 2019 and December 31, 2018 are summarized in the table below:

 

 

 

September 30,

2019

 

 

December 31,

2018

 

(Dollars in millions)

 

 

 

 

 

 

 

 

Raw materials

 

$

213.0

 

 

$

199.5

 

Work in process

 

 

13.0

 

 

 

16.0

 

Finished goods

 

 

112.0

 

 

 

128.1

 

 

 

$

338.0

 

 

$

343.6

 

Less revaluation to LIFO

 

 

63.8

 

 

 

58.9

 

Net

 

$

274.2

 

 

$

284.7