Other Current and Long-term Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Other Liabilities Disclosure [Abstract]

Schedule of other current liabilities

The following is a summary of other current liabilities (in millions):

	2024		2023
Accrued compensation	$	187.8	$	166.5
Income taxes payable (note 14)		119.6		138.7
Accrued warranty		32.6		30.0
Other taxes payable (note 14)		22.9		18.7
Distributor commissions		6.3		8.4
Operating lease liabilities (note 19)		32.1		23.3
Legal and professional fees		20.2		17.1
Hybrid instruments liability (note 25)		—		14.1
Acquisition-related litigation costs (note 26)		86.0		4.3
Accrued interest		10.0		4.3
Other accrued expenses		59.0		52.8
Other current liabilities	$	576.5	$	478.2

Schedule of changes in accrued warranty

The following table sets forth the changes in accrued warranty (in millions):

Balance at December 31, 2021	$	23.8
Accruals for warranties issued during the year		12.9
Settlements of warranty claims		(10.9	)
Foreign currency impact		(1.1	)
Balance at December 31, 2022		24.7
Accruals for warranties issued during the year		16.8
Settlements of warranty claims		(12.4	)
Foreign currency impact		0.9
Balance at December 31, 2023		30.0
Accruals for warranties issued during the year		20.4
Settlements of warranty claims		(16.0	)
Foreign currency impact		(1.8	)
Balance at December 31, 2024	$	32.6

Schedule of other long-term liabilites

The following is a summary of other long-term liabilities (in millions):

	2024		2023
Income and other taxes payable (note 14)	$	73.9	$	64.4
Hybrid instruments liability (note 25)		78.1		56.5
Accrued Pension (note 10)		103.0		76.6
Other		56.0		42.7
Other long-term liabilities	$	311.0	$	240.2