Inventories, net

6 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

Inventories, net

Inventories, net

Inventories are valued at the lower of cost or market. The cost of certain U.S. inventories is determined by the last-in, first-out (“LIFO”) method, while other U.S. and foreign operations use the first-in, first-out (“FIFO”) or average-cost methods. Inventories consisted of the following:

	June 30,			December 31,
(in millions)	2016			2015
Raw material and supplies	$	437.0		$	412.9
Work in progress	109.1			102.5
Finished goods	212.0			222.4
FIFO inventories	758.1			737.8
LIFO reserve	(13.5		)	(14.2		)
Inventories, net	$	744.6		$	723.6