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Accrued Liabilities (Tables)
 12 Months Ended
Dec. 31, 2019
Accrued Liabilities [Abstract]  
Accrued Liabilities
Accrued liabilities as of December 31, 2019 and 2018 consisted of the following:


  
2019
    
2018
  
Salaries, wages, and related fringe benefits
  
$
60.7
    
$
62.9
  
Restructuring
    
5.0
      
10.1
  
Taxes
    
22.5
      
24.3
  
Contract liabilities
    
51.7
      
69.6
  
Product warranty
    
22.7
      
23.9
  
Accrued interest
    
0.7
      
0.3
  
Operating lease liabilities(1)
    
17.1
      
—
  
Other
    
63.7
      
57.4
  
Total accrued liabilities
  
$
244.1
    
$
248.5
  

(1)
The Company adopted ASU 2016-02, Leases, on January 1, 2019 using the optional transition method.  See Note 2 “New Accounting Standards” for further discussion of the adoption of ASU 2016-02 and Note 16 “Leases” for discussion of the Company’s operating and financing leases.
Accrued Product Warranty Liability
A reconciliation of the changes in the accrued product warranty liability for the years ended December 31, 2019 and 2018 is as follows.


  
2019
    
2018
  
Balance at the beginning of period
  
$
23.9
    
$
22.3
  
Product warranty accruals
    
30.8
      
25.6
  
Settlements
    
(31.9
)
    
(24.6
)
Charged to other accounts (1)
    
(0.1
)
    
0.6
  
Balance at the end of period
  
$
22.7
    
$
23.9
  

(1)
Includes primarily the effects of foreign currency translation adjustments for the Company’s subsidiaries with functional currencies other than the USD and changes in the accrual related to acquisitions or divestitures of businesses.