XML 64 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
INVENTORIES
3 Months Ended
Mar. 31, 2014
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES
The components of inventories as of March 31, 2014 and December 31, 2013 were as follows:
 
 
As of
March 31,
2014
 
As of
December 31,
2013
Raw materials
 
$
225.2

 
$
221.8

Work in process
 
110.7

 
104.7

Finished goods
 
724.6

 
656.3

 
 
1,060.5

 
982.8

Less allowance for obsolescence
 
(107.1
)
 
(99.8
)
 
 
$
953.4

 
$
883.0


In the three-month period ended March 31, 2014, the increase in inventories was primarily driven by (i) the 2014 acquisitions of businesses, primarily from the $36.8 million of inventory acquired in the Solta Medical acquisition and (ii) investments in inventory (inclusive of cost increases) to support growth of the business.
For further information regarding the 2014 acquisitions of businesses, see note 3 titled “BUSINESS COMBINATIONS”.