v3.26.3
Inventories
9 Months Ended
Sep. 30, 2026
Inventory, Net [Abstract]  
Inventories Inventories
The major classes of inventory were as follows:
In millionsSeptember 30,
2026
December 31,
2025
Raw materials$817.3 $595.7 
Work-in-process491.0 375.1 
Finished goods1,550.0 1,352.4 
2,858.3 2,323.2 
LIFO reserve(255.8)(219.6)
Total$2,602.5 $2,103.6 
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 $167.5 million and $156.6 million at September 30, 2026 and December 31, 2025, respectively.