Inventories (Tables)

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Components of inventories

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

	March 31, 2025		December 31, 2024
Finished goods	$	599.6	$	422.6
Work in process	8.1		11.0
Raw materials and parts	441.3		410.7
Subtotal	1,049.0		844.3
Excess of current cost over last-in, first-out cost	(146.7)		(139.5)
Total inventories, net	$	902.3	$	704.8