Inventories

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Inventories

4.Inventories

Inventories consisted of the following (in millions):

	June 30, 2024		December 31, 2023
Raw materials	$	420.6	$	371.2
Work-in-process		383.8		314.9
Finished goods		265.6		183.9
Demonstration units		105.9		98.3
Total Inventories	$	1,175.9	$	968.3

Finished goods include in-transit systems shipped to the Company’s customers for which control has not passed to the customers. As of June 30, 2024 and December 31, 2023, the value of finished goods inventory-in-transit was $57.1 million and $48.6 million, respectively.