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Inventories, net
9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Inventories, net Inventories, net
As atSeptember 30, 2024December 31, 2023
Raw materials$$0.8
Finished goods4.43.7
Parts and tools4.85.1
Total inventories, net$9.2$9.6
The inventory balances for raw materials and finished goods are presented at the lower of cost and net realizable value. For the three and nine months ended September 30, 2024, the net realizable impact resulted in a favorable inventory adjustment of $1.6 million and $1.8 million (three and nine months ended September 30, 2023: write down of $0.8 million and $4.4 million). The adjustments are recorded in cost of sales in the unaudited condensed consolidated interim statements of operations and comprehensive income (loss).