6.	Inventories

Inventories consisted of the following (in millions):


As of December 31,	2015		2014
Finished goods	$	1,827.9	$	924.2
Work in progress		146.1		87.8
Raw materials		280.1		181.3

Inventories	$	2,254.1	$	1,193.3

Finished goods inventory as of December 31, 2015 includes $284.4 million to step-up the acquired Biomet inventory to fair value.

Amounts charged to the consolidated statement of earnings for excess and obsolete inventory in the years ended December 31, 2015, 2014 and 2013 were $118.4 million, $51.8 million and $112.0 million, respectively.