XML 99 R11.htm IDEA: XBRL DOCUMENT

Inventories

12 Months Ended

Dec. 31, 2014

4.	Inventories

Inventories consisted of the following (in millions):


As of December 31,	2014		2013
Finished goods	$	899.9	$	817.0
Work in progress		87.8		77.4
Raw materials		181.3		180.1

Inventories	$	1,169.0	$	1,074.5

Amounts charged to the consolidated statement of earnings for excess and obsolete inventory in the years ended December 31, 2014, 2013 and 2012 were $51.8 million, $112.0 million and $55.1 million, respectively. The 2013 period was higher due to our decision to discontinue certain products.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details