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Inventories | 9 Months Ended
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Sep. 30, 2024
Inventory Disclosure [Abstract] |
Inventories | Inventories At the end of each period, inventories were comprised of the following:
(in millions) | September 30, 2024 |  | December 31, 2023
Raw materials | $ | 158.0 |  |  | $ | 118.2 |
Work in process | 77.5 |  |  | 60.6 |
Finished goods | 209.4 |  |  | 223.8 |
Total inventories | $ | 444.9 |  |  | $ | 402.6 |
Amounts charged to the consolidated statements of income for excess and obsolete inventory were insignificant for both the three months ended September 30, 2024 and 2023, and were $15.0 million and $1.9 million for the nine months ended September 30, 2024 and 2023, respectively. Following the strategic decision to not move forward with the commercialization of Omnipod GO, the Company recorded a charge of $13.5 million related to certain inventory components that it no longer expected to utilize, which is included in the provision for excess and obsolete inventory for the nine months ended September 30, 2024.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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