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Inventories (Tables)
6 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
Schedule of the components of inventories
The components of inventories as of June 30, 2016 and December 31, 2015 are summarized as follows:
(in millions)
 
June 30,
2016
 
December 31,
2015
Inventories — gross:
 
 

 
 

Raw materials
 
$
126.3

 
$
155.3

Work-in-process
 
112.9

 
116.3

Finished goods
 
343.6

 
263.8

Total inventories — gross
 
582.8

 
535.4

Excess and obsolete inventory reserve
 
(49.4
)
 
(46.2
)
Net inventories at FIFO cost
 
533.4

 
489.2

Excess of FIFO costs over LIFO value
 
(33.5
)
 
(36.6
)
Inventories — net
 
$
499.9

 
$
452.6