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Inventories | 9 Months Ended
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Sep. 30, 2024
Inventory Disclosure [Abstract] |
Inventories | 4. Inventories Inventories consisted of the following (in millions):
|  | September 30, 2024 |  |  | December 31, 2023 |
Raw materials |  | $ | 434.3 |  |  | $ | 371.2 |
Work-in-process |  |  | 402.0 |  |  |  | 314.9 |
Finished goods |  |  | 273.3 |  |  |  | 183.9 |
Demonstration units |  |  | 110.8 |  |  |  | 98.3 |
Total Inventories |  | $ | 1,220.4 |  |  | $ | 968.3 |
Finished goods include in-transit systems shipped to the Company’s customers for which control has not passed to the customers. As of September 30, 2024 and December 31, 2023, the value of finished goods inventory-in-transit was $59.3 million and $48.6 million, respectively.

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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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