Quarterly report [Sections 13 or 15(d)]

Inventories

v3.25.1
Inventories
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventories

3. Inventories

Inventories consist primarily of finished goods available for resale. Inventories are stated at lower of cost (primarily on the first-in, first-out basis) and net realizable value.

The following are the major classes of inventory:

 

 

 

March 31,
2025

 

 

December 31,
2024

 

 

 

(in millions)

 

Raw materials

 

$

69.8

 

 

$

74.0

 

Work in process

 

 

11.7

 

 

 

8.1

 

Finished goods

 

 

406.5

 

 

 

393.3

 

Total

 

$

488.0

 

 

$

475.4