Inventories, net

3 Months Ended

Mar. 31, 2017

Certain U.S. inventories are measured by the last-in, first-out (“LIFO”) method at the lower of cost or market, while other U.S. and foreign operations use the first-in, first-out (“FIFO”) or average-cost methods at the lower of cost and net realizable value. Inventories consisted of the following:



	March 31,			December 31,
(in millions)	2017			2016
Raw material and supplies	$	387.6		$	378.6
Work in progress	111.9			102.9
Finished goods	171.8			174.9
FIFO inventories	671.3			656.4
LIFO reserve	(14.4		)	(15.2		)
Inventories, net	$	656.9		$	641.2