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Inventories

12 Months Ended

Dec. 31, 2011

Inventories

Inventories are summarized as follows:



	December 31
	2011			2010
Manufactured inventories:
Finished goods and service parts - NMHG	$	160.3		$	152.6
Raw materials and work in process - NMHG	198.8			171.8
Total manufactured inventories	359.1			324.4
Sourced inventories - HBB	75.6			84.7
Retail inventories - KC	61.5			59.3
Total inventories at FIFO	496.2			468.4
Coal - NACoal	13.1			10.9
Mining supplies - NACoal	11.1			11.4
Total inventories at weighted average	24.2			22.3
NMHG LIFO reserve	(50.1		)	(43.3		)
	$	470.3		$	447.4

The cost of certain manufactured inventories at NMHG, including service parts, has been determined using the LIFO method. At December 31, 2011 and 2010, 35% and 33%, respectively, of total inventories were determined using the LIFO method.

- 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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