Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.23.3
Inventories
 9 Months Ended
Sep. 30, 2023
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories are stated at the lower of cost or net realizable value utilizing the first-in, first-out (FIFO) and average cost method. The major components of inventories as of September 30, 2023 and December 31, 2022 are as follows:
September 30, 2023 December 31, 2022
Raw materials
 $ 36.4  $ 49.8 
Work-in-process 0.7  1.6 
Finished goods
 17.2  16.3 
Inventories
 $ 54.3  $ 67.7 
The Company has recorded a reserve for inventory obsolescence as of September 30, 2023 and December 31, 2022, of approximately $3.4 and $2.0, respectively.