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INVENTORIES

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following (in millions):

			December 31,
			2023						2022
Finished equipment			$	467.9					$	319.2
Replacement parts			185.6						163.0
Work-in-process			131.5						153.5
Raw materials and supplies			401.0						352.7
Inventories			$	1,186.0					$	988.4

Work-in-process inventory includes approximately $25 million and $36 million of substantially completed inventory awaiting installation of final components at December 31, 2023 and 2022, respectively.

Inventory reserves were $70.5 million and $61.0 million at December 31, 2023 and 2022, 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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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