Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.7.0.1
Inventories
3 Months Ended
Mar. 31, 2017
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,

2017

 

 

December 31,

2016

 

 

 

(In millions)

 

Raw materials

 

$

46.6

 

 

$

49.3

 

Work in process

 

 

4.8

 

 

 

3.9

 

Finished goods

 

 

323.6

 

 

 

318.1

 

Total

 

$

375.0

 

 

$

371.3