Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.23.1
Inventories
3 Months Ended
Mar. 31, 2023
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,
2023

 

 

December 31,
2022

 

 

 

(in millions)

 

Raw materials

 

$

78.9

 

 

$

83.1

 

Work in process

 

 

8.0

 

 

 

7.0

 

Finished goods

 

 

458.2

 

 

 

490.6

 

Total

 

$

545.1

 

 

$

580.7