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INVENTORIES
9 Months Ended
Sep. 30, 2025
INVENTORIES  
INVENTORIES

NOTE 8.    INVENTORIES

We value inventories at the lower of cost or net realizable value, computed on a first-in, first-out basis. Components of inventories were as follows:

September 30, 

December 31, 

    

2025

    

2024

(in millions)

Parts and raw materials

$

313.9

$

255.1

Work in process

 

24.9

 

20.6

Finished goods

 

60.9

 

84.7

Total

$

399.7

$

360.4