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Inventories, net
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventories, net Inventories, net
As atDecember 31, 2024December 31, 2023
Raw materials$1.1$0.8
Finished goods3.03.7
Parts and tools5.55.1
Total inventories, net$9.6$9.6
The inventory balances for raw materials and finished goods are presented at the lower of cost and net realizable value. For the year ended December 31, 2024, the net realizable impact resulted in an unfavorable inventory adjustment of $4.2 million (for the year ended December 31, 2023: write down of $6.0 million). The adjustments are recorded in cost of sales in the consolidated statements of operations and comprehensive income (loss).