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INVENTORIES

6 Months Ended

Jun. 30, 2011

Note 5 – INVENTORIES

The company’s inventories were comprised of the following:


(In Millions of Dollars)	June 30, 2011		December 31, 2010
Finished products	$	532.4	$	462.4
Products in process		162.1		168.5
Raw materials		182.0		151.6
Supplies		41.0		39.3

Total inventory	$	917.5	$	821.8

- 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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