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INVENTORIES, NET | 12 Months Ended
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Dec. 31, 2019
Inventory Disclosure [Abstract] |
INVENTORIES, NET | INVENTORIES, NET Inventories, net of inventory valuation reserves, were as follows:
|  | Year Ended December 31, |  |
(in millions) |  | 2019 |  | 2018
Finished goods |  | $ | 356.4 |  |  | $ | 380.0 |
Work-in-process |  | 82.5 |  |  | 89.2 |
Raw materials and supplies |  | 122.8 |  |  | 129.7 |
Inventories, net |  | $ | 561.7 |  |  | $ | 598.9 |
The Company’s inventory valuation reserve was $85.0 million and $92.5 million at December 31, 2019 and 2018, respectively.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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