XML 27 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories
9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Inventories
Inventories
The components of inventories as of September 30, 2016 and December 31, 2015 are summarized as follows:
(in millions)
 
September 30,
2016
 
December 31,
2015
Inventories:
 
 

 
 

Raw materials
 
$
125.3

 
$
155.3

Work-in-process
 
134.3

 
116.3

Finished goods
 
312.7

 
251.7

Total inventories
 
572.3

 
523.3

Excess and obsolete inventory reserve
 
(43.2
)
 
(34.1
)
Net inventories at FIFO cost
 
529.1

 
489.2

Excess of FIFO costs over LIFO value
 
(32.8
)
 
(36.6
)
Inventories — net
 
$
496.3

 
$
452.6