Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

D. INVENTORIES

Inventories include the following:

At December 31,	2019			2018
Finished products	$	584.6		$	563.2
Work in process and raw materials		754.9			803.3
		1,339.5			1,366.5
Less LIFO reserve		(186.3	)		(181.8	)
	$	1,153.2		$	1,184.7

Inventories valued using the LIFO method comprised 46% and 47% of consolidated inventories before deducting the LIFO reserve at December 31, 2019 and 2018, respectively.