INVENTORIES

The major components of inventory, on a net basis, were as follows:



(amounts in millions)	September 30, 2017			December 31, 2016
Finished goods	$	391.4		$	273.8
Work in process	29.9			37.1
Raw materials and supplies	156.2			135.9
Total inventory, net	577.5			446.8
Non-current inventory, net	(20.8		)	(30.4		)
Current inventory, net	$	556.7		$	416.4

Inventory classified as non-current at September 30, 2017 and December 31, 2016 was recorded in "Other assets" in the Condensed Consolidated Balance Sheets.

In connection with the Alent and OMG Malaysia Acquisitions, the value of finished goods inventory was increased at their respective dates of acquisition to reflect fair value. For the nine months ended September 30, 2016, $11.7 million of the inventory step-up was amortized to "Cost of sales" in the Condensed Consolidated Statements of Operations based on inventory turnover.