Accrued Liabilities

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Accrued liabilities as of March 31, 2024 and December 31, 2023 consisted of the following.

	March 31, 2024		December 31, 2023
Salaries, wages and related fringe benefits	$	239.0	$	262.4
Contract liabilities	345.4		331.2
Product warranty	65.6		61.9
Operating lease liabilities	42.5		41.6
Restructuring	20.6		15.5
Taxes	75.6		78.4
Accrued interest	12.1		33.1
Other	198.5		171.4
Total accrued liabilities	$	999.3	$	995.5

A reconciliation of the changes in the accrued product warranty liability for the three month periods ended March 31, 2024 and 2023 are as follows.

	For the Three Month Period Ended March 31,
	2024		2023
Balance at beginning of period	$	61.9	$	46.2
Product warranty accruals	13.6		8.9
Acquired warranty	—		1.4
Settlements	(9.3)		(3.9)
Foreign currency translation and other	(0.6)		1.5
Balance at end of period	$	65.6	$	54.1