Inventories (Tables)

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Components of inventories

The components of inventories are as follows (in millions):

	As of March 31, 2020		As of December 31, 2019
Finished goods	$	462.1	$	402.9
Work in process	5.7		6.0
Raw materials and parts	207.6		198.8
Subtotal	675.4		607.7
Excess of current cost over last-in, first-out cost	(63.6)		(63.6)
Total inventories, net	$	611.8	$	544.1