Accrued Liabilities

3 Months Ended

Mar. 31, 2023

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Accrued liabilities as of March 31, 2023 and December 31, 2022 consisted of the following.

	March 31, 2023		December 31, 2022
Salaries, wages and related fringe benefits	$	223.9	$	223.3
Contract liabilities	350.8		305.6
Product warranty	54.1		46.2
Operating lease liabilities	41.3		39.6
Restructuring	13.4		14.9
Taxes	80.6		63.3
Other	171.2		165.9
Total accrued liabilities	$	935.3	$	858.8

A reconciliation of the changes in the accrued product warranty liability for the three month periods ended March 31, 2023 and 2022 are as follows.

	For the Three Month Period Ended March 31,
	2023		2022
Balance at beginning of period	$	46.2	$	42.5
Product warranty accruals	8.9		4.2
Acquired warranty	1.4		—
Settlements	(3.9)		(3.8)
Foreign currency translation and other	1.5		(0.4)
Balance at end of period	$	54.1	$	42.5