ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2023

NOTE 8. ACCRUED EXPENSES AND OTHER LIABILITIES

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


	2023				2022
	Current		Long-term		Current		Long-term
Deferred revenue	$	544.6	$	45.8	$	509.6	$	38.0
Compensation and other post-retirement benefits	278.9		53.7		241.7		48.3
Taxes, income and other	129.8		809.0		132.5		893.5
Operating lease liabilities	37.6		126.3		38.4		131.0
Sales and product allowances	17.6		—		20.1		—
Warranty	19.4		1.4		20.0		1.6
Claims, including self-insurance and litigation	6.4		14.4		5.2		14.8
Pension obligations	4.6		88.7		4.4		77.9
Other	143.8		9.7		132.5		18.2
Total	$	1,182.7	$	1,149.0	$	1,104.4	$	1,223.3

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. Warranty activity and settlements for the periods presented were immaterial.