Inventories, net

9 Months Ended

Sep. 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:

	September 30,			December 31,
(in millions)	2016			2015
Raw material and supplies	$	397.1		$	412.9
Work in progress	112.0			102.5
Finished goods	191.8			222.4
FIFO inventories	700.9			737.8
LIFO reserve	(13.7		)	(14.2		)
Inventories, net	$	687.2		$	723.6