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Inventories
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventories

16. Inventories

Inventories consisted of the following (in millions):

 

 

2024

 

 

2023

 

Raw materials

 

$

388.7

 

 

$

371.2

 

Work-in-process

 

 

348.9

 

 

 

314.9

 

Finished goods

 

 

228.5

 

 

 

183.9

 

Demonstration units

 

 

101.7

 

 

 

98.3

 

Total Inventories

 

$

1,067.8

 

 

$

968.3

 

Finished goods include in-transit systems that have been shipped to the Company’s customers but not yet installed and accepted by the customer. At December 31, 2024, and 2023, finished goods inventory-in-transit was $53.6 million and $48.6 million, respectively.