Accrued Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

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

	September 30, 2024		December 31, 2023
Salaries, wages and related fringe benefits	$	229.9	$	262.4
Contract liabilities	333.3		331.2
Product warranty	71.3		61.9
Operating lease liabilities	55.3		41.6
Restructuring	20.4		15.5
Taxes	51.6		78.4
Accrued interest	82.2		33.1
Other	184.9		171.4
Total accrued liabilities	$	1,028.9	$	995.5

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, 2024 and 2023 are as follows.

	For the Three Month Period Ended September 30,				For the Nine Month Period Ended September 30,
	2024		2023		2024		2023
Balance at beginning of period	$	72.3	$	57.4	$	61.9	$	46.2
Product warranty accruals	5.5		11.1		31.8		35.8
Acquired warranty	—		0.8		0.7		2.2
Settlements	(7.7)		(7.6)		(23.5)		(22.5)
Foreign currency translation and other	1.2		(0.7)		0.4		(0.7)
Balance at end of period	$	71.3	$	61.0	$	71.3	$	61.0