Inventories, net

3 Months Ended

Mar. 31, 2018

Certain U.S. inventories are measured by the last-in, first-out (“LIFO”) method at the lower of cost or market, while other U.S. and foreign operations use the first-in, first-out (“FIFO”) or average-cost methods at the lower of cost and net realizable value. Inventories consisted of the following:



	March 31,			December 31,
(in millions)	2018			2017
Raw material and supplies	$	489.9		$	469.7
Work in progress	127.1			126.7
Finished goods	197.1			175.6
FIFO inventories	814.1			772.0
LIFO reserve	(13.7		)	(13.1		)
Inventories, net	$	800.4		$	758.9