INVENTORIES

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following (in millions):

	December 31,
	2018		2017
Finished equipment	$	532.7	$	419.6
Replacement parts	173.3		163.3
Work-in-process	197.5		165.6
Raw materials and supplies	308.5		221.1
Inventories	$	1,212.0	$	969.6

Reserves for lower of cost or NRV and excess and obsolete inventory were $78.8 million and $85.8 million at December 31, 2018 and 2017, respectively.