Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.1
Inventories
3 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Inventories

3. Inventories

Inventories consist primarily of finished goods available for resale. Inventories are 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:

 

 

 

March 31,

2019

 

 

December 31,

2018

 

 

 

(in millions)

 

Raw materials

 

$

55.7

 

 

$

51.9

 

Work in process

 

 

9.4

 

 

 

7.1

 

Finished goods

 

 

342.4

 

 

 

322.8

 

Total

 

$

407.5

 

 

$

381.8