XML 27 R15.htm IDEA: XBRL DOCUMENT v3.22.4
Inventories
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

7. Inventories

Inventories consisted of the following (in millions):

 

 

2022

 

 

2021

 

Raw materials

 

$

300.9

 

 

$

218.7

 

Work-in-process

 

 

278.7

 

 

 

254.9

 

Finished goods

 

 

128.2

 

 

 

144.9

 

Demonstration units

 

 

92.3

 

 

 

91.6

 

Total Inventories

 

$

800.1

 

 

$

710.1

 

Finished goods include in-transit systems that have been shipped to the Company’s customers but not yet installed and accepted by the customer. At December 31, 2022 and 2021, inventory-in-transit was $41.1 million and $49.5 million, respectively.