Inventories, net

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventories, net

Inventories, net

Inventories, net consisted of the following:

	September 30, 2022		December 31, 2021
Raw materials and supplies	$	277.4	$	217.5
Work-in-process	138.3		95.8
Finished goods	130.6		37.5
Total inventories, net (1)	$	546.3	$	350.8
(1) During the three months ended September 30, 2022, the Company acquired certain assets through an asset acquisition, the Transaction, and the related inventories of $84.8 million were included in our inventories balances as of September 30, 2022.

Inventories, net is stated at the lower of cost or net realizable value. For additional information related to the termination of the manufacturing services agreement (the “Agreement”) with Janssen Pharmaceuticals, Inc. (“Janssen”) and associated evaluation of inventory as of September 30, 2022, refer to Note 10, "Revenue recognition."