Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

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

	2023		2022
Salaries, wages and related fringe benefits	$	262.4	$	223.3
Contract liabilities	331.2		305.6
Product warranty	61.9		46.2
Operating lease liabilities	41.6		39.6
Restructuring	15.5		14.9
Taxes	78.4		63.3
Accrued interest	33.1		1.2
Other	171.4		164.7
Total accrued liabilities	$	995.5	$	858.8

Schedule of Product Warranty Liability

A reconciliation of the changes in the accrued product warranty liability for the years ended December 31, 2023 and 2022 is as follows.

	2023		2022
Balance at beginning of period	$	46.2	$	42.5
Product warranty accruals	44.4		20.4
Acquired warranty	2.2		—
Settlements	(31.2)		(14.8)
Foreign currency translation and other	0.3		(1.9)
Balance at end of period	$	61.9	$	46.2