Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities as of June 30, 2024 and December 31, 2023 consisted of the following.

	June 30, 2024		December 31, 2023
Salaries, wages and related fringe benefits	$	199.8	$	262.4
Contract liabilities	324.0		331.2
Product warranty	72.3		61.9
Operating lease liabilities	47.1		41.6
Restructuring	15.6		15.5
Taxes	58.0		78.4
Accrued interest	55.8		33.1
Other	239.0		171.4
Total accrued liabilities	$	1,011.6	$	995.5

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, 2024 and 2023 are as follows.

	For the Three Month Period Ended June 30,				For the Six Month Period Ended June 30,
	2024		2023		2024		2023
Balance at beginning of period	$	65.6	$	54.1	$	61.9	$	46.2
Product warranty accruals	12.7		15.8		26.3		24.7
Acquired warranty	0.7		—		0.7		1.4
Settlements	(6.5)		(11.0)		(15.8)		(14.9)
Foreign currency translation and other	(0.2)		(1.5)		(0.8)		—
Balance at end of period	$	72.3	$	57.4	$	72.3	$	57.4