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INVENTORIES
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
The components of inventories, net of applicable net realizable value write-downs, were as follows:

September 30
2025
December 31
2024
Raw materials$1,617.6 $1,521.1 
Work in progress154.7 106.6 
Finished goods274.4 132.9 
 $2,046.7 $1,760.6 

We recorded inventory write-downs of $20.3 and $49.6 for Q3 2025 and YTD 2025, respectively (Q3 2024 — $15.1; YTD 2024 — $33.3) in cost of sales.

Contract liabilities:

We receive cash deposits from certain of our customers primarily to reduce risks related to excess and/or obsolete inventory. At September 30, 2025, our accrued and other current liabilities and provisions included $381.6 (December 31, 2024 — $511.6) of cash deposits.