Inventories

3 Months Ended

Mar. 31, 2017

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories are stated at the lower of cost and net realizable value. Inventories comprise:

(In millions)	March 31, 2017		December 31, 2016
Finished goods	$	1,093.0	$	1,380.0
Work-in-progress	1,541.7		1,491.0
Raw materials	711.1		691.3
	$	3,345.8	$	3,562.3

For a more detailed description of inventories acquired, refer to Note 2, Business Combinations, to these Unaudited Consolidated Financial Statements.