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Inventories
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Inventories

11. Inventories

Net inventories as of March 31, 2021 and December 31, 2020 are summarized in the table below:

 

 

 

March 31,

2021

 

 

December 31,

2020

 

(Dollars in millions)

 

 

 

 

 

 

 

 

Raw materials

 

$

230.9

 

 

$

233.7

 

Work in process

 

 

10.0

 

 

 

12.4

 

Finished goods

 

 

103.7

 

 

 

99.3

 

 

 

$

344.6

 

 

$

345.4

 

Less revaluation to LIFO

 

 

50.5

 

 

 

49.6

 

Net

 

$

294.1

 

 

$

295.8