v3.25.3
Inventories
9 Months Ended
Sep. 30, 2025
Inventory, Net [Abstract]  
Inventories Inventories
The major classes of inventory were as follows:
In millionsSeptember 30,
2025
December 31,
2024
Raw materials$623.2 $612.3 
Work-in-process401.4 374.4 
Finished goods1,555.1 1,153.5 
2,579.7 2,140.2 
LIFO reserve(224.4)(168.7)
Total$2,355.3 $1,971.5 
The Company performs periodic assessments to determine the existence of obsolete, slow-moving and non-saleable inventories and records necessary provisions to reduce such inventories to the lower of cost and net realizable value. Reserve balances, primarily related to obsolete and slow-moving inventories, were $168.1 million and $163.7 million at September 30, 2025 and December 31, 2024, respectively.