Inventories

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories are valued at the lower of cost (first-in, first-out) or net realizable value, which requires the Company to make specific estimates, assumptions and judgments in determining the amount, if any, of reductions in the valuation of inventories to their net realizable values.

Inventories consist of the following:

(in millions)	March 31, 2022		December 31, 2021
Raw materials and parts	$	246.9	$	216.1
Work-in-process	71.5		50.4
Finished goods	32.1		28.9
Used equipment	2.4		3.3
Total	$	352.9	$	298.7