Accrued Liabilities (Tables)

9 Months Ended

Sep. 30, 2023

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


	September 30, 2023		December 31, 2022
Salaries, wages and related fringe benefits	$	225.9	$	223.3
Contract liabilities	343.7		305.6
Product warranty	61.0		46.2
Operating lease liabilities	40.6		39.6
Restructuring	9.2		14.9
Taxes	94.0		63.3
Other	183.3		165.9
Total accrued liabilities	$	957.7	$	858.8

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, 2023 and 2022 are as follows.


	For the Three Month Period Ended September 30,				For the Nine Month Period Ended September 30,
	2023		2022		2023		2022
Balance at beginning of period	$	57.4	$	43.1	$	46.2	$	42.5
Product warranty accruals	11.1		4.9		35.8		14.3
Acquired warranty	0.8		—		2.2		—
Settlements	(7.6)		(3.5)		(22.5)		(10.8)
Foreign currency translation and other	(0.7)		(1.7)		(0.7)		(3.2)
Balance at end of period	$	61.0	$	42.8	$	61.0	$	42.8