Inventories

6 Months Ended

Jun. 30, 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)	June 30, 2022		December 31, 2021
Raw materials and parts	$	268.9	$	216.1
Work-in-process	72.8		50.4
Finished goods	26.4		28.9
Used equipment	3.0		3.3
Total	$	371.1	$	298.7