Inventories (Tables)

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Components of inventories

The components of inventories are as follows (in millions):

	As of September 30, 2020		As of December 31, 2019
Finished goods	$	258.4	$	402.9
Work in process	5.7		6.0
Raw materials and parts	204.8		198.8
Subtotal	468.9		607.7
Excess of current cost over last-in, first-out cost	(60.2)		(63.6)
Total inventories, net	$	408.7	$	544.1