Note 7. Inventories

The components of the Company’s inventories, net of excess and obsolescence reserves for raw materials and finished goods, at December 31, 2016 and 2015 were as follows:

	2016			2015
Raw materials and manufacturing supplies	$	133.8		$	137.2
Work in process		84.4		$	84.7
Finished goods		179.4		$	150.0
LIFO reserve		(18.0	)	$	(19.1	)
Total	$	379.6		$	352.8

The Company recognized a LIFO benefit of $1.1 million and $0.1 million, respectively, in 2016 and 2015 and expense of $1.0 million in 2014.