Accrued Liabilities

3 Months Ended

Mar. 31, 2022

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Accrued liabilities as of March 31, 2022 and December 31, 2021 consisted of the following.

	March 31, 2022		December 31, 2021
Salaries, wages and related fringe benefits	$	174.2	$	232.1
Contract liabilities	265.2		242.1
Product warranty	42.5		42.5
Operating lease liabilities	35.2		34.9
Restructuring	16.9		12.3
Taxes	40.2		41.6
Other	127.9		135.8
Total accrued liabilities	$	702.1	$	741.3

A reconciliation of the changes in the accrued product warranty liability for the three month periods ended March 31, 2022 and 2021 are as follows.

	For the Three Month Period Ended March 31,
	2022		2021
Balance at beginning of period	$	42.5	$	41.1
Product warranty accruals	4.2		4.4
Acquired warranty	—		0.1
Settlements	(3.8)		(4.8)
Foreign currency translation and other	(0.4)		(0.4)
Balance at end of period	$	42.5	$	40.4