Note 6. Inventories

The components of the Company’s inventories, net of excess and obsolescence reserves for raw materials and finished goods, at December 31, 2015 and 2014 were as follows:

	2015			2014
Raw materials and manufacturing supplies	$	247.2		$	261.7
Work in process		156.1			157.5
Finished goods		275.2			260.6
LIFO reserve		(86.5	)		(93.6	)
Total	$	592.0		$	586.2

The Company recognized a LIFO benefit of $7.1 million in 2015, expense of $1.6 million in 2014 and a benefit of $0.1 million in 2013.