TENNANT CO
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Inventories
- Inventories
Inventories as of December 31 consisted of the following:
| 2023 | 2022 | |
|---|---|---|
| Inventories carried at LIFO: | ||
| Finished goods(a) | $74.7 | $85.0 |
| Raw materials and work-in-process | 38.5 | 46.4 |
| Excess of FIFO over LIFO cost(b) | (47.7) | (49.7) |
| Total LIFO inventories | $65.5 | $81.7 |
| Inventories carried at FIFO: | ||
| Finished goods(a) | $52.8 | $68.9 |
| Raw materials and work-in-process | 57.6 | 56.0 |
| Total FIFO inventories | $110.4 | $124.9 |
| Total inventories | $175.9 | $206.6 |
(a)Finished goods include machines, parts and consumables and component parts that are used in our products.
(b)The difference between replacement cost and the stated LIFO inventory value is not materially different from the reserve for the LIFO valuation method.
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