Inventories

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

    Inventories, net at March 31, 2024 and December 31, 2023 were as follows (in millions):

	March 31, 2024		December 31, 2023
Finished goods	$	1,608.6	$	1,460.7
Repair and replacement parts	831.9		823.1
Work in process	379.8		255.2
Raw materials	961.6		901.7
Inventories, net	$	3,781.9	$	3,440.7

    At March 31, 2024 and December 31, 2023, the Company had recorded $247.7 million and $238.9 million respectively, as a reserve for surplus and obsolete inventories. These reserves are reflected within "Inventories, net" within the Company's Condensed Consolidated Balance Sheets.