v3.25.2
Inventories
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Inventories
13.
Inventories

Inventories consisted of the following (in millions):

 

June 30,
2025

 

 

December 31,
2024

 

Raw materials

 

$

427.4

 

 

$

388.7

 

Work-in-process

 

 

394.0

 

 

 

348.9

 

Finished goods

 

 

273.2

 

 

 

228.5

 

Demonstration units

 

 

123.7

 

 

 

101.7

 

Total Inventories

 

$

1,218.3

 

 

$

1,067.8

 

Finished goods include in-transit systems shipped to the Company’s customers for which control has not passed to the customers. As of June 30, 2025 and December 31, 2024, the value of finished goods inventory-in-transit was $77.9 million and $53.6 million, respectively.