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Inventories
3 Months Ended
Mar. 31, 2024
Inventory, Net [Abstract]  
Inventories Inventories
The major classes of inventory were as follows:
In millionsMarch 31,
2024
December 31,
2023
Raw materials$608.6 $605.1 
Work-in-process427.0 385.1 
Finished goods1,521.9 1,332.3 
2,557.5 2,322.5 
LIFO reserve(174.8)(170.4)
Total$2,382.7 $2,152.1 
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 $153.0 million and $143.5 million at March 31, 2024 and December 31, 2023, respectively.