Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.3
Inventories
9 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
The following table presents details related to our inventories, net:
 
September 30, 2019

December 31, 2018
Finished goods
$
84.8

 
$
110.5

Goods in process
5.1

 
5.7

Raw materials and supplies
21.6

 
23.3

Total
$
111.5

 
$
139.5


On September 11, 2019, Michel S. Vermette was appointed Chief Executive Officer of the Company and initiated the implementation of a new multi-year inventory optimization plan, which includes focusing on critical products and standardizing procedures to enable better decision making. As a result, we recorded a non-cash inventory write down of $13.6 million during the third quarter of 2019, primarily related to the write down of inventory in certain product categories to estimated liquidation value.