Inventories

9 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Inventories

6 Inventories

Inventories are stated at the lower of cost (principally FIFO) or market. The components of inventories were as follows:

	As of
	September 30, 2016			December 31, 2015
Raw materials	$	400.9		$	339.9
Work in progress		263.7			243.4
Finished products		238.6			217.9
Inventories	$	903.2		$	801.2
Inventory valuation reserve		(104.0	)		(89.8	)
Total inventories, net of reserve	$	799.2		$	711.4