Inventories (Tables)

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Components of inventories

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

	As of June 30, 2022		As of December 31, 2021
Finished goods	$	449.6	$	310.8
Work in process	12.3		12.4
Raw materials and parts	322.0		262.1
Subtotal	783.9		585.3
Excess of current cost over last-in, first-out cost	(91.1)		(74.4)
Total inventories, net	$	692.8	$	510.9