Annual report pursuant to Section 13 and 15(d)

Inventories

v3.7.0.1
Inventories
 12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
Inventories
INVENTORIES
The following table presents details related to our inventories, net:
 
December 31, 2016

December 31, 2015 As Adjusted (Note 2)
Finished goods
$
159.9

 
$
148.3

Goods in process
18.1

 
20.4

Raw materials and supplies
94.1

 
84.3

Total
$
272.1

 
$
253.0

 
 
 
 
Inventories valued on a FIFO basis
$
163.8

 
$
155.1

Inventories valued on a LIFO basis
$
108.3

 
$
97.9


The distinction between the use of different methods of inventory valuation is primarily based on product category, legal entity and geographic location of the manufacturing facility.

Inventory values were higher than would have been reported on a total FIFO basis by $0.4 million as of December 31, 2016 and lower than would have been reported on a total FIFO basis by $0.8 million as of December 31, 2015. See Note 2 for further discussion on our change in accounting policy for our Wood Flooring segment inventory.