XML 22 R12.htm IDEA: XBRL DOCUMENT v3.22.2.2
INVENTORIES
9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consist of the following (in millions):
September 30,
2022
December 31,
2021
Finished equipment$335.0 $283.0 
Replacement parts147.9 157.3 
Work-in-process161.4 105.5 
Raw materials and supplies336.9 267.7 
Inventories$981.2 $813.5 

Work-in-process inventory includes approximately $63 million and $10 million of substantially completed inventory awaiting installation of final components at September 30, 2022 and December 31, 2021, respectively.

Reserves for lower of cost or net realizable value and excess and obsolete inventory were $55.6 million and $57.8 million at September 30, 2022 and December 31, 2021, respectively.