INVENTORIES

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following (in millions):

	December 31,
	2019		2018
Finished equipment	$	408.1	$	478.4
Replacement parts	160.8		143.3
Work-in-process	78.7		86.5
Raw materials and supplies	200.1		210.7
Inventories	$	847.7	$	918.9

Reserves for lower of cost or NRV and excess and obsolete inventory were $53.2 million and $49.8 million at December 31, 2019 and 2018, respectively.