INVENTORIES

12 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following (in millions):

	December 31,
	2017		2016
Finished equipment	$	419.6	$	334.7
Replacement parts	163.3		144.9
Work-in-process	165.6		175.4
Raw materials and supplies	221.1		198.8
Inventories	$	969.6	$	853.8

Reserves for lower of cost or NRV and excess and obsolete inventory were $85.8 million at December 31, 2017. Reserves for lower of cost or market value, excess and obsolete inventory were $83.3 million at December 31, 2016.