INVENTORIES

Inventories consist of the following (in millions):



	September 30, 2011		December 31, 2010
Finished equipment	$	491.5	$	494.6
Replacement parts	223.6		228.9
Work-in-process	592.6		298.5
Raw materials and supplies	585.8		426.7
Inventories	$	1,893.5	$	1,448.7

Reserves for lower of cost or market value, excess and obsolete inventory were $113.5 million and $106.7 million at September 30, 2011 and December 31, 2010, respectively.