Inventories

12 Months Ended

Dec. 31, 2018

Inventory, Finished Goods and Work in Process, Gross [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following: 

	December 31,
(In millions)	2018		2017
Raw materials	$	366.4	$	271.4
Work in process	146.4		130.2
Finished goods	738.4		585.4
Inventory, net	1,251.2		987.0

All amounts in the table above are reported net of obsolescence reserves of $97.5 million and $70.8 million at December 31, 2018 and 2017, respectively.

Net inventories accounted for under the LIFO method totaled $387.2 million and $300.9 million at December 31, 2018 and 2017, respectively. The current replacement costs of LIFO inventories exceeded their recorded values by $7.9 million and $0.6 million at December 31, 2018 and 2017, respectively. There was no reduction to the base LIFO inventory in 2018.