Inventories

Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method.

The major classes of inventory are as follows:



In millions	September 30, 2011			December 31, 2010
Raw materials	$	424.7		$	357.3
Work-in-process	222.8			215.3
Finished goods	960.3			802.3
	1,607.8			1,374.9
LIFO reserve	(94.9		)	(85.9		)
Total	$	1,512.9		$	1,289.0