NOTE 6. INVENTORIES

	December 31, 2016			December 31, 2015
Finished goods	$	80.5		$	72.0
Goods in process		3.3			4.2
Raw materials and supplies		32.4			32.0
Less LIFO and other reserves		(7.2	)		(6.8	)
Total inventories, net	$	109.0		$	101.4

Approximately 38% and 36% of our total inventory in 2016 and 2015, respectively, were valued on a LIFO (last-in, first-out) basis.

The distinction between the use of different methods of inventory valuation is primarily based on geographical locations and/or legal entities. The following table summarizes the amount of inventory that is not accounted for under the LIFO method.

	December 31, 2016		December 31, 2015
International locations	$	63.8	$	59.0
U.S. sourced products		4.2		5.5
Total	$	68.0	$	64.5

Substantially all of our international locations use the FIFO method of inventory valuation (or other methods which closely approximate the FIFO method) primarily because the LIFO method is not permitted for local tax and/or statutory reporting purposes. In these situations, a conversion to LIFO would be highly complex and involve excessive cost and effort to achieve under local tax and/or statutory reporting requirements.

The sourced products represent certain finished goods sourced from third party manufacturers, primarily from domestic suppliers.