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INVENTORIES

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following (in millions):

	June 30, 2019				December 31, 2018
Finished equipment	$	390.9			$	478.4
Replacement parts	159.2				143.3
Work-in-process	95.6				86.5
Raw materials and supplies	217.4				210.7
Inventories	$	863.1			$	918.9

Reserves for lower of cost or net realizable value and excess and obsolete inventory were $53.2 million and $49.8 million at June 30, 2019 and December 31, 2018, 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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