Inventories

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

8. Inventories

Inventories consisted of the following (in millions):

	2023		2022
Raw materials	$	371.2	$	300.9
Work-in-process		314.9		278.7
Finished goods		183.9		128.2
Demonstration units		98.3		92.3
Total Inventories	$	968.3	$	800.1

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, 2023, and 2022, finished goods inventory-in-transit was $48.6 million and $41.1 million, respectively.