Inventories

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories

4.Inventories

Inventories consisted of the following (in millions):

	March 31, 2024		December 31, 2023
Raw materials	$	393.1	$	371.2
Work-in-process		360.6		314.9
Finished goods		204.2		183.9
Demonstration units		102.6		98.3
Total Inventories	$	1,060.5	$	968.3

Finished goods include in-transit systems shipped to the Company’s customers for which control has not passed to the customers. As of March 31, 2024 and December 31, 2023, the value of finished goods inventory-in-transit was $57.6 million and $48.6 million, respectively.