ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2024

NOTE 7. ACCRUED EXPENSES AND OTHER LIABILITIES

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


	2024				2023
	Current		Long-term		Current		Long-term
Deferred revenue	$	553.2	$	58.9	$	544.6	$	45.8
Compensation and other post-retirement benefits	244.5		56.5		278.9		53.7
Taxes, income and other	145.8		894.4		129.8		809.0
Operating lease liabilities	36.8		132.8		37.6		126.3
Sales and product allowances	16.8		0.1		17.6		—
Warranty	19.6		0.8		19.4		1.4
Claims, including self-insurance and litigation	5.2		14.7		6.4		14.4
Pension obligations	4.5		80.7		4.6		88.7
Other	158.4		12.1		143.8		9.7
Total	$	1,184.8	$	1,251.0	$	1,182.7	$	1,149.0

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 related activity for the periods presented was immaterial.