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Inventory

12 Months Ended

Dec. 31, 2011

(5)

INVENTORY:

The classes of inventory as of December 31 are summarized as follows ($ in millions):


	2011		2010
Finished goods	$	930.9	$	581.8
Work in process		262.2		177.5
Raw materials		588.3		406.3

	$	1,781.4	$	1,165.6

At December 31, 2011 and 2010, the difference between inventories valued at LIFO and the value of that same inventory if the FIFO method had been used was not significant. The liquidation of LIFO inventory did not have a significant impact on the Company's results of operations in any period presented.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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