Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities as of June 30, 2021 and December 31, 2020 consisted of the following.

	June 30, 2021		December 31, 2020
Salaries, wages and related fringe benefits	$	191.5	$	197.0
Contract liabilities	189.2		164.6
Product warranty	42.0		41.1
Operating lease liabilities	40.2		47.1
Restructuring	14.7		17.5
Taxes	439.3		116.1
Other	136.7		125.5
Total accrued liabilities	$	1,053.6	$	708.9

Schedule of Product Warranty Liability

A reconciliation of the changes in the accrued product warranty liability for the three and six month periods ended June 30, 2021 and 2020 are as follows.

	For the Three Month Period Ended June 30,				For the Six Month Period Ended June 30,
	2021		2020		2021		2020
Balance at beginning of period	$	40.4	$	37.6	$	41.1	$	19.1
Product warranty accruals	5.4		3.0		9.8		7.6
Acquired warranty	—		—		0.1		19.8
Settlements	(4.1)		(2.5)		(8.9)		(7.9)
Charged to other accounts(1)	0.3		0.6		(0.1)		0.1
Balance at end of period	$	42.0	$	38.7	$	42.0	$	38.7

(1)Primarily the effects of foreign currency translation adjustments