v3.26.1
INVENTORIES
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
The components of inventories, net of applicable net realizable value write-downs, were as follows:

March 31
2026
December 31
2025
Raw materials$2,247.8 $1,783.1 
Work in progress139.9 144.6 
Finished goods285.2 260.3 
 $2,672.9 $2,188.0 

We recorded inventory write-downs of $23.4 for Q1 2026 (Q1 2025 — $16.5) in cost of sales.

We receive deposits from certain of our customers primarily to reduce risks related to excess and/or obsolete inventory. At March 31, 2026, our accrued and other current liabilities and provisions included $388.7 (December 31, 2025 — $407.1) of customer deposits.