Inventories, net

12 Months Ended

Dec. 31, 2012

Note 6—Inventories, net:


	December 31,
	2011		2012
	(In millions)
Raw materials:
Chemicals	$	89.6	$	151.5
Component products*		6.7		3.3

Total raw materials		96.3		154.8

Work in process:
Chemicals		17.3		27.3
Component products*		7.4		5.9

Total in-process products		24.7		33.2

Finished products:
Chemicals		281.5		395.6
Component products*		5.4		2.1

Total finished products		286.9		397.7

Supplies (primarily chemicals)		56.6		64.6

Total	$	464.5	$	650.3

*	Includes discontinued operations for 2011, see Note 3.

- 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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