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Inventories, net
6 Months Ended
Jun. 30, 2021
Inventory Disclosure [Abstract]  
Inventories, net Inventories, net
The components of inventory are as follows:
June 30, 2021December 31, 2020
Raw materials and supplies$174.3 $160.6 
Work-in-process141.7 102.5 
Finished goods70.4 43.9 
Total inventories, net$386.4 $307.0 
Inventories, net is stated at the lower of cost or net realizable value. During the three and six months ended June 30, 2021, the Company recorded inventory write-offs at its Bayview facility of $41.5 million. The inventory write-off was due to raw materials and in-process batches at the Bayview facility that the Company plans to discard as they were deemed unusable. The charge was reflected as a component of cost of product sales and contract development and manufacturing services.