INVENTORIES

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consist of the following (in millions):

	December 31,
	2020		2019
Finished equipment	$	195.8	$	408.1
Replacement parts	157.0		160.8
Work-in-process	57.2		78.7
Raw materials and supplies	200.4		200.1
Inventories	$	610.4	$	847.7

Reserves for lower of cost or NRV and excess and obsolete inventory were $61.8 million and $53.2 million at December 31, 2020 and 2019, respectively.