Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

Accrued liabilities as of June 30, 2023 and December 31, 2022 consisted of the following.


	June 30, 2023		December 31, 2022
Salaries, wages and related fringe benefits	$	200.6	$	223.3
Contract liabilities	339.2		305.6
Product warranty	57.4		46.2
Operating lease liabilities	39.8		39.6
Restructuring	10.5		14.9
Taxes	88.0		63.3
Other	188.1		165.9
Total accrued liabilities	$	923.6	$	858.8

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, 2023 and 2022 are as follows.


	For the Three Month Period Ended June 30,				For the Six Month Period Ended June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	54.1	$	42.5	$	46.2	$	42.5
Product warranty accruals	15.8		5.2		24.7		9.4
Acquired warranty	—		—		1.4		—
Settlements	(11.0)		(3.5)		(14.9)		(7.3)
Foreign currency translation and other	(1.5)		(1.1)		—		(1.5)
Balance at end of period	$	57.4	$	43.1	$	57.4	$	43.1