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Inventories
6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Inventories
6.
Inventories

Inventories consisted of the following (in millions):

 

June 30,
2023

 

 

December 31,
2022

 

Raw materials

 

$

333.2

 

 

$

300.9

 

Work-in-process

 

 

322.7

 

 

 

278.7

 

Finished goods

 

 

154.5

 

 

 

128.2

 

Demonstration units

 

 

104.2

 

 

 

92.3

 

Total Inventories

 

$

914.6

 

 

$

800.1

 

Finished goods include in-transit systems shipped to the Company’s customers for which control has not passed to the customers. As of June 30, 2023, and December 31, 2022, the value of inventory-in-transit was $45.5 million and $41.1 million, respectively.