v3.25.3
INVENTORIES
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 7. INVENTORIES
Inventories consisted of the following:
 September 30, 2025December 31,
2024
September 30, 2024
Inventories($ in millions)
Supplies$155.5 $149.3 $147.6 
Raw materials200.9 185.2 189.0 
Work in process219.7 173.1 159.9 
Finished goods541.5 467.3 499.1 
Inventories excluding LIFO reserve1,117.6 974.9 995.6 
LIFO reserve(150.7)(151.4)(167.9)
Inventories, net$966.9 $823.5 $827.7 
Inventories under the LIFO method are based on annual estimates of quantities and costs as of year-end; therefore, the condensed financial statements at September 30, 2025, reflect certain estimates relating to inventory quantities and costs at December 31, 2025. The replacement cost of our inventories would have been approximately $150.7 million, $151.4 million and $167.9 million higher than reported at September 30, 2025, December 31, 2024 and September 30, 2024, respectively.