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INVENTORIES

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following (in millions):

			September 30, 2020						December 31, 2019
Finished equipment			$	216.6					$	408.1
Replacement parts			152.6						160.8
Work-in-process			60.0						78.7
Raw materials and supplies			206.3						200.1
Inventories			$	635.5					$	847.7

Reserves for lower of cost or net realizable value and excess and obsolete inventory were $61.7 million and $53.2 million at September 30, 2020 and December 31, 2019, 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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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