Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Components of inventories

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

	As of December 31,
	2022		2021
Finished goods	$	534.6	$	310.8
Work in process	8.9		12.4
Raw materials and parts	328.7		262.1
Total	872.2		585.3
Excess of current cost over last-in, first-out cost	(119.2)		(74.4)
Total inventories, net	$	753.0	$	510.9