Annual report pursuant to Section 13 and 15(d)

Inventories

v3.8.0.1
Inventories
12 Months Ended
Dec. 31, 2017
Inventory Disclosure [Abstract]  
Inventories
INVENTORIES
The following table presents details related to our inventories, net:
 
December 31, 2017

December 31, 2016
Finished goods
$
145.3

 
$
159.9

Goods in process
14.2

 
18.1

Raw materials and supplies
76.5

 
94.1

Total
$
236.0

 
$
272.1

 
 
 
 
Inventories valued on a FIFO basis
$
144.8

 
$
163.8

Inventories valued on a LIFO basis
$
91.2

 
$
108.3


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 lower than would have been reported on a total FIFO basis by $0.3 million and higher by $0.4 million as of December 31, 2017 and 2016, respectively.