XML 31 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Inventories
12 Months Ended
Dec. 31, 2017
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES
The major components of inventory, on a net basis, were as follows:
 
 
December 31,
  ($ amounts in millions)
 
2017
 
2016
Finished goods
 
$
328.9

 
$
273.8

Work in process
 
28.8

 
37.1

Raw materials and supplies
 
149.8

 
135.9

Total inventory, net
 
507.5

 
446.8

Non-current inventory, net
 
(17.0
)
 
(30.4
)
Current inventory, net
 
$
490.4

 
$
416.4


Inventory classified as non-current at December 31, 2017 and 2016 was recorded in the Consolidated Balance Sheets as "Other assets."
In connection with Platform's acquisitions, the value of finished goods inventory was increased at the respective dates of acquisition to reflect fair value. During 2016 and 2015, the Company amortized $11.7 million and $76.5 million, respectively, of the inventory step-up to "Cost of sales" in the Consolidated Statements of Operations based on inventory turnover of the various Acquisitions.