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Inventories
3 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Inventories

9.

Inventories

We value our raw materials, work in process, and finished goods inventories using lower of cost, as determined by the average cost method, or market. Supplies and materials are valued at the first-in, first-out (FIFO) or average cost methods.

The components of inventories were as follows (dollars in millions):

 

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Raw materials

 

$

330.1

 

 

$

307.8

 

Work in process

 

 

13.6

 

 

 

13.9

 

Finished goods

 

 

210.5

 

 

 

199.0

 

Supplies and materials

 

 

277.5

 

 

 

274.9

 

Inventories

 

$

831.7

 

 

$

795.6