Inventories (Tables)

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Components of inventories

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

	September 30, 2024		December 31, 2023
Finished goods	$	443.2	$	509.4
Work in process	13.7		9.6
Raw materials and parts	369.3		314.2
Subtotal	826.2		833.2
Excess of current cost over last-in, first-out cost	(137.0)		(134.1)
Total inventories, net	$	689.2	$	699.1