XML 27 R15.htm IDEA: XBRL DOCUMENT v3.22.4
Inventories
 12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories as of December 31, 2022 and 2021 consisted of the following.
20222021
Raw materials, including parts and subassemblies$625.0 $506.6 
Work-in-process122.2 88.6 
Finished goods338.7 283.4 
1,085.9 878.6 
LIFO reserve(60.5)(24.4)
Inventories$1,025.4 $854.2 
At December 31, 2022 and 2021, approximately 42% and 41%, respectively, of total inventory is accounted for on a last-in, first-out (“LIFO”) basis.