Accrued Liabilities (Tables)

9 Months Ended

Sep. 30, 2021

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


	September 30, 2021		December 31, 2020
Salaries, wages and related fringe benefits	$	240.8	$	197.0
Contract liabilities	216.3		164.6
Product warranty	44.5		41.1
Operating lease liabilities	36.7		47.1
Restructuring	12.6		17.5
Taxes	234.7		116.1
Other	146.8		125.5
Total accrued liabilities	$	932.4	$	708.9

Schedule of Product Warranty Liability

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


	For the Three Month Period Ended September 30,				For the Nine Month Period Ended September 30,
	2021		2020		2021		2020
Balance at beginning of period	$	42.0	$	38.7	$	41.1	$	19.1
Product warranty accruals	4.3		5.4		14.1		13.0
Acquired warranty	1.9		—		2.0		19.8
Settlements	(3.2)		(4.8)		(12.1)		(12.7)
Charged to other accounts(1)	(0.5)		0.5		(0.6)		0.6
Balance at end of period	$	44.5	$	39.8	$	44.5	$	39.8

(1)Primarily consists of the effects of foreign currency translation adjustments