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Inventories
 12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
Inventories

D.

INVENTORIES

Inventories include the following:

 

At December 31,

 

2020

 

 

2019

 

Finished products

 

$

610.0

 

 

$

584.6

 

Work in process and raw materials

 

 

801.9

 

 

 

754.9

 

 

 

 

1,411.9

 

 

 

1,339.5

 

Less LIFO reserve

 

 

(190.0

)

 

 

(186.3

)

 

 

$

1,221.9

 

 

$

1,153.2

 

 

Inventories valued using the LIFO method comprised 42% and 46% of consolidated inventories before deducting the LIFO reserve at December 31, 2020 and 2019, respectively.