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Inventories (Tables) | 3 Months Ended
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Mar. 31, 2015
Inventory Disclosure [Abstract] |
Schedule of the components of inventories | The components of inventories as of March 31, 2015 and December 31, 2014 are summarized as follows:
(in millions) |  | March 31, 2015 |  | December 31, 2014
Inventories — gross: |  |  |  |  |  |
Raw materials |  | $ | 230.7 |  |  | $ | 226.2 |
Work-in-process |  | 149.6 |  |  | 103.7 |
Finished goods |  | 416.5 |  |  | 414.8 |
Total inventories — gross |  | 796.8 |  |  | 744.7 |
Excess and obsolete inventory reserve |  | (63.6 | ) |  | (64.0 | )
Net inventories at FIFO cost |  | 733.2 |  |  | 680.7 |
Excess of FIFO costs over LIFO value |  | (38.3 | ) |  | (36.2 | )
Inventories — net |  | $ | 694.9 |  |  | $ | 644.5 |

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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 2 -Paragraph 6 -Subparagraph a,b,c -Article 5 + Details
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