INVENTORIES

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 8. INVENTORIES

	December 31,
	2023		2022
Inventories	($ in millions)
Supplies	$	160.3	$	137.6
Raw materials	171.1		201.2
Work in process	153.5		199.6
Finished goods	507.6		559.3
Inventories excluding LIFO reserve	992.5		1,097.7
LIFO reserve	(133.7)		(155.8)
Inventories, net	$	858.8	$	941.9

Inventories valued using the LIFO method comprised 56% and 59% of the total inventories at December 31, 2023 and 2022, respectively. The replacement cost of our inventories would have been approximately $133.7 million and $155.8 million higher than that reported at December 31, 2023 and 2022, respectively.