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Inventories
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Inventories
13.
Inventories

Inventories consisted of the following (in millions):

 

September 30,
2025

 

 

December 31,
2024

 

Raw materials

 

$

412.6

 

 

$

388.7

 

Work-in-process

 

 

389.0

 

 

 

348.9

 

Finished goods

 

 

269.0

 

 

 

228.5

 

Demonstration units

 

 

126.0

 

 

 

101.7

 

Total Inventories

 

$

1,196.6

 

 

$

1,067.8

 

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, 2025 and December 31, 2024, the value of finished goods inventory-in-transit was $80.4 million and $53.6 million, respectively.