Inventories

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories:

The following table provides a breakdown of inventories at March 31, 2023 and December 31, 2022 (in thousands):

	March 31,		December 31,
	2023		2022
Finished goods	$	2,706,606	$	1,679,473
Raw materials and work in process(a)	368,669		296,998
Stores, supplies and other	105,550		99,560
Total	$	3,180,825	$	2,076,031

(a)Includes $154.7 million and $133.2 million at March 31, 2023 and December 31, 2022, respectively, of work in process in our Energy Storage segment.

The Company records the balance of deferred profits on sales from its equity method investments to the Company to Inventories, specifically finished goods. Deferred profits from equity method investments totaled $552.8 million and $332.3 million as of March 31, 2023 and December 31, 2022, respectively.