Inventories (Tables)

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Components of inventories

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

	As of September 30, 2022		As of December 31, 2021
Finished goods	$	498.1	$	310.8
Work in process	12.8		12.4
Raw materials and parts	332.1		262.1
Subtotal	843.0		585.3
Excess of current cost over last-in, first-out cost	(99.6)		(74.4)
Total inventories, net	$	743.4	$	510.9