Inventories

9 Months Ended

Sep. 30, 2025

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)	September 30, 2025		December 31, 2024
Raw materials and parts	$	316.5	$	275.4
Work-in-process	91.9		60.9
Finished goods	83.3		83.5
Used equipment	9.1		2.9
Total	$	500.8	$	422.7