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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of 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 and cash collateral for bank guarantees.
December 31, 2022December 31, 2021December 31, 2020
Cash and cash equivalents$260.6 $439.1 $534.6 
Restricted cash included in other current assets12.6 8.0 8.0 
Total cash, cash equivalents, and restricted cash$273.2 $447.1 $542.6 
Schedule of Change in the Sales Returns and Allowances and Allowance for Doubtful Accounts
The change in the sales returns and allowances and allowance for credit losses is as follows:
Year Ended December 31,
202220212020
Beginning balance$46.5 $55.5 $52.0 
Provision charged to expense56.7 34.7 47.5 
Deductions(35.9)(43.7)(44.0)
Ending balance$67.3 $46.5 $55.5 
Schedule of Inventory
The following are the components of inventory:
December 31, 2022December 31, 2021
Inventories
Finished products$276.5 $236.5 
Raw materials377.2 274.8 
Work in process168.3 105.0 
Total inventories$822.0 $616.3 
The change in inventory obsolescence is as follows:
December 31, 2022December 31, 2021December 31, 2020
Beginning balance$56.2 $64.1 $59.7 
Provision charged to expense30.1 15.7 23.4 
Write-offs and other(30.3)(23.6)(19.0)
Ending balance$56.0 $56.2 $64.1 
Schedule of Property, Plant and Equipment
Following are the components of property, plant and equipment:
December 31, 2022December 31, 2021
Property, plant and equipment, net
Machinery and equipment$405.4 $373.6 
Buildings312.4 304.8 
Land41.0 42.1 
Construction in progress41.5 34.8 
Property, plant and equipment, at cost800.3 755.3 
Less: Accumulated depreciation(310.9)(266.0)
Property, plant and equipment, net$489.4 $489.3 
Schedule of Product Warranty Liability
The change in product warranty accrual is as follows:
December 31, 2022December 31, 2021December 31, 2020
Beginning balance$30.0 $36.5 $43.3 
Provision charge to expense16.0 16.6 27.8 
Paid/utilized(20.4)(23.1)(34.6)
Ending balance$25.6 $30.0 $36.5