Inventories

The components of Inventories, net at September 30, 2017 and December 31, 2016 are as follows:



(Millions of Dollars)	September 30, 2017		December 31, 2016
Finished products	$	1,648.1	$	1,044.2
Work in process	166.0		133.3
Raw materials	433.3		300.5
Total	$	2,247.4	$	1,478.0

In the first quarter of 2017, the Company acquired inventory with estimated fair values of approximately $198.2 million and $15.7 million related to the Newell Tools and Craftsman brand acquisitions, respectively. Refer to Note F, Acquisitions, for further discussion of these acquisitions.