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Inventories
3 Months Ended
Mar. 31, 2016
Inventory Disclosure [Abstract]  
Inventories
Inventories
The components of inventories as of March 31, 2016 and December 31, 2015 are summarized as follows:
(in millions)
 
March 31,
2016
 
December 31,
2015
Inventories — gross:
 
 

 
 

Raw materials
 
$
141.9

 
$
155.3

Work-in-process
 
129.3

 
116.3

Finished goods
 
310.9

 
263.8

Total inventories — gross
 
582.1

 
535.4

Excess and obsolete inventory reserve
 
(48.7
)
 
(46.2
)
Net inventories at FIFO cost
 
533.4

 
489.2

Excess of FIFO costs over LIFO value
 
(34.5
)
 
(36.6
)
Inventories — net
 
$
498.9

 
$
452.6