Inventories

3 Months Ended

Mar. 31, 2017

Inventory Disclosure [Abstract]

Inventories

Inventories

Approximately 86% of the Company’s inventories are valued using the average cost method and all remaining inventories are valued using the first-in, first-out (FIFO) method. All inventories are stated at the lower of cost and net realizable value.

(in millions)	March 31, 2017		December 31, 2016
Raw materials	$	165.2	$	170.7
Work in process	131.4		130.3
Finished goods	521.5		467.2
Total	$	818.1	$	768.2