XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.1
Inventories
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
    Inventories, net at March 31, 2025 and December 31, 2024, were as follows (in millions):

March 31, 2025December 31, 2024
Finished goods$1,244.8 $1,187.9 
Repair and replacement parts781.9 754.6 
Work in process252.0 170.0 
Raw materials679.3 618.8 
Inventories, net$2,958.0 $2,731.3 

    At March 31, 2025 and December 31, 2024, the Company had recorded $269.3 million and $251.1 million respectively, as a reserve for surplus and obsolete inventories. These reserves are reflected within “Inventories, net” within the Company's Condensed Consolidated Balance Sheets.