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Inventories
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories as of December 31, 2024 and 2023 consisted of the following.
20242023
Raw materials, including parts and subassemblies$675.1 $590.7 
Work-in-process116.3 145.1 
Finished goods342.8 337.8 
1,134.2 1,073.6 
LIFO reserve(79.2)(72.5)
Inventories$1,055.0 $1,001.1 
At December 31, 2024 and 2023, 34% and 37%, respectively, of total inventory is accounted for on a last-in, first-out (“LIFO”) basis.