Inventories, Net

12 Months Ended

Dec. 31, 2014

Note 6—Inventories, net:

	December 31,
	2013		2014
	(In millions)
Raw materials:
Chemicals	$	66.6	$	76.0
Component products		3.6		3.4
Total raw materials		70.2		79.4
Work in process:
Chemicals		18.0		32.9
Component products		6.7		10.3
Total in-process products		24.7		43.2
Finished products:
Chemicals		263.3		253.2
Component products		3.0		3.2
Total finished products		266.3		256.4
Supplies (primarily chemicals)		69.4		64.0
Total	$	430.6	$	443.0

- 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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