Inventories, net

12 Months Ended

Dec. 31, 2022

Inventories, net

Inventories, net

(7) Inventories, net

Inventories consist of the following:

	December 31,
	2022		2021
	(in millions)
Raw materials	$	138.0	$	119.4
Work-in-process		21.0		20.4
Finished goods		216.6		230.9
	$	375.6	$	370.7

Raw materials, work-in-process and finished goods are net of valuation reserves of $43.6 million and $36.7 million as of December 31, 2022 and 2021, respectively. Finished goods of $18.2 million and $10.6 million as of December 31, 2022 and 2021, respectively, were consigned.