XML 32 R16.htm IDEA: XBRL DOCUMENT v3.22.4
INVENTORIES
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consist of the following (in millions):
December 31,
 20222021
Finished equipment$319.2 $283.0 
Replacement parts163.0 157.3 
Work-in-process153.5 105.5 
Raw materials and supplies352.7 267.7 
Inventories$988.4 $813.5 

Work-in-process inventory includes approximately $36 million and $10 million of substantially completed inventory awaiting installation of final components at December 31, 2022 and 2021, respectively.

Reserves for lower of cost or NRV and excess and obsolete inventory were $61.0 million and $57.8 million at December 31, 2022 and 2021, respectively.