Accrued Liabilities

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Accrued liabilities as of December 31, 2021 and 2020 consisted of the following:

	2021		2020
Salaries, wages, and related fringe benefits	$	232.1	$	197.0
Contract liabilities	242.1		164.6
Product warranty	42.5		41.1
Operating lease liabilities	34.9		47.1
Restructuring	12.3		17.5
Taxes	41.6		116.1
Other	135.8		125.5
Total accrued liabilities	$	741.3	$	708.9

A reconciliation of the changes in the accrued product warranty liability for the years ended December 31, 2021 and 2020 is as follows.

	2021		2020
Balance at the beginning of period	$	41.1	$	19.1
Product warranty accruals	16.1		17.2
Acquired warranty	2.1		19.8
Settlements	(15.7)		(16.7)
Foreign currency translation and other	(1.1)		1.7
Balance at the end of period	$	42.5	$	41.1