Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.5.0.2
Inventories
6 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
Inventories

3. Inventories

Inventories consist primarily of finished goods available for resale. Inventories are currently stated at lower of cost (primarily on the first-in, first-out basis) and net realizable value.

The following are the major classes of inventory:

 

 

 

June 30,

2016

 

 

December 31,

2015

 

 

 

(In millions)

 

Raw materials

 

$

44.5

 

 

$

41.5

 

Work in process

 

 

5.4

 

 

 

3.8

 

Finished goods

 

 

272.6

 

 

 

286.7

 

Total

 

$

322.5

 

 

$

332.0