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Inventories
9 Months Ended
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.