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Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents, and Restricted Cash
The following table provides a reconciliation of the amount of cash, cash equivalents and restricted cash reported within the consolidated balance sheets. Restricted cash represents amounts held in an escrow account related to payment of specific tax indemnities.
December 31, 2020December 31, 2019December 31, 2018
Cash and cash equivalents$534.6 $223.5 $215.1 
Restricted cash included in other current assets8.0 10.2 10.2 
Total cash, cash equivalents, and restricted cash$542.6 $233.7 $225.3 
Schedule of Inventory
The following are the components of inventory:
December 31, 2020December 31, 2019
Inventories
Finished products$201.0 $180.2 
Raw materials155.7 162.6 
Work in process89.9 58.2 
Total inventories$446.6 $401.0 
Schedule of Property, Plant and Equipment
Following are the components of property, plant and equipment:
December 31, 2020December 31, 2019
Property, plant and equipment, net
Machinery and equipment$322.4 $280.7 
Buildings255.5 243.2 
Land47.4 46.7 
Construction in progress23.1 21.9 
Property, plant and equipment, at cost648.4 592.5 
Less: Accumulated depreciation(220.8)(164.3)
Property, plant and equipment, net$427.6 $428.2 
Schedule of Product Warranty Liability
The change in product warranty accrual is as follows:
December 31, 2020December 31, 2019December 31, 2018
Beginning balance$43.3 $44.9 $40.0 
Provision charge to expense27.8 48.7 41.0 
Paid/utilized(34.6)(50.3)(36.1)
Ending balance$36.5 $43.3 $44.9