v3.26.1
INVENTORIES
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
The components of inventories, net of applicable net realizable value write-downs, are as follows:
June 30
2026
December 31
2025
Raw materials$2,705.9 $1,783.1 
Work in progress236.1 144.6 
Finished goods459.7 260.3 
 $3,401.7 $2,188.0 

We recorded inventory write-downs of $19.2 and $42.6 for Q2 2026 and 1H 2026, respectively (Q2 2025 — $12.8; 1H 2025 — $29.3) in cost of sales.

We receive deposits from certain of our customers primarily to reduce risks related to excess and/or obsolete inventory. At June 30, 2026, our accrued and other current liabilities and provisions included $481.4 (December 31, 2025 — $407.1) of customer deposits.