ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2022

NOTE 9. ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities as of December 31 were as follows ($ in millions):


	2022				2021
	Current		Long-term		Current		Long-term
Deferred revenue	$	509.6	$	38.0	$	457.6	$	33.8
Compensation and other post-retirement benefits	241.7		48.3		253.2		58.2
Taxes, income and other	132.5		893.5		53.0		1,011.2
Operating lease liabilities	38.4		131.0		44.6		139.9
Sales and product allowances	20.1		—		21.6		—
Warranty	20.0		1.6		23.0		2.2
Claims, including self-insurance and litigation	5.2		14.8		5.6		13.9
Pension obligations	4.4		77.9		4.5		133.9
Other	132.5		18.2		142.2		33.2
Total	$	1,104.4	$	1,223.3	$	1,005.3	$	1,426.3

Warranty

We generally accrue estimated warranty costs at the time of sale. In general, manufactured products are warranted against defects in material and workmanship when properly used for their intended purpose, installed correctly, and appropriately maintained. Warranty period terms depend on the nature of the product and range from 90 days up to the life of the product. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor, and, in certain instances, estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known.

The following is a rollforward of our accrued warranty liability ($ in millions):


	2022		2021
Balance, January 1	$	25.2	$	24.9
Accruals for warranties issued during the year	17.3		17.5
Settlements made	(18.7)		(17.6)

Effect of foreign currency translation	(2.2)		0.4
Balance, December 31	$	21.6	$	25.2