Other Financial Information

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Other Financial Information

OTHER FINANCIAL INFORMATION

	March 31, 2022		December 31, 2021
Reconciliation of cash, cash equivalents, and restricted cash
Cash and cash equivalents	$	288.5	$	439.1
Restricted cash included in other current assets	8.0		8.0
Total cash, cash equivalents, and restricted cash	$	296.5	$	447.1

	March 31, 2022		December 31, 2021
Inventories
Finished products	$	298.5	$	236.5
Raw materials	327.5		274.8
Work in process	148.5		105.0
Total inventories	$	774.5	$	616.3
	March 31, 2022		December 31, 2021
Property, plant and equipment, net
Machinery and equipment	$	384.4	$	373.6
Buildings	302.1		304.8
Land	45.0		42.1
Construction in progress	36.1		34.8
Property, plant and equipment, at cost	767.6		755.3
Less: Accumulated depreciation	(282.3)		(266.0)
Property, plant and equipment, net	$	485.3	$	489.3
	March 31, 2022		December 31, 2021
Accrued expenses and other liabilities
Deferred revenue	$	293.9	$	238.9
Accrued payroll and other employee compensation	110.8		125.8
Restructuring (see Note 5)	22.4		34.0
Operating lease liabilities	44.0		42.1
Product warranty	28.2		30.0
Contract liabilities (see Note 4)	60.3		52.1
Tax Receivable Agreement (see Note 9)	100.0		100.0
Other	312.7		330.5
Total	$	972.3	$	953.4

	2022		2021
Change in product warranty accrual
Beginning balance, January 1	$	30.0	$	36.5
Provision charge to expense	2.5		6.4
Paid/utilized	(4.3)		(6.1)
Ending balance, March 31,	$	28.2	$	36.8