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INVENTORIES
 6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consist of the following (in millions):
June 30,
2023		December 31,
2022
Finished equipment$414.9 $319.2 
Replacement parts189.4 163.0 
Work-in-process136.5 153.5 
Raw materials and supplies381.2 352.7 
Inventories$1,122.0 $988.4 

Work-in-process inventory includes approximately $23 million and $36 million of substantially completed inventory awaiting installation of final components at June 30, 2023 and December 31, 2022, respectively.

Reserves for lower of cost or net realizable value and excess and obsolete inventory were $65.7 million and $61.0 million at June 30, 2023 and December 31, 2022, respectively.