Inventories (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Components of inventories

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

	As of June 30, 2020		As of December 31, 2019
Finished goods	$	350.7	$	402.9
Work in process	5.8		6.0
Raw materials and parts	206.7		198.8
Subtotal	563.2		607.7
Excess of current cost over last-in, first-out cost	(63.5)		(63.6)
Total inventories, net	$	499.7	$	544.1