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INVENTORIES

9 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following (in millions):

	September 30, 2018				December 31, 2017
Finished equipment	$	448.2			$	419.6
Replacement parts	163.8				163.3
Work-in-process	212.1				165.6
Raw materials and supplies	288.2				221.1
Inventories	$	1,112.3			$	969.6

Reserves for lower of cost or net realizable value and excess and obsolete inventory were $81.4 million and $85.8 million at September 30, 2018 and December 31, 2017, respectively.

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- References

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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