Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

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

	2024		2023
Salaries, wages and related fringe benefits	$	229.5	$	262.4
Contract liabilities	318.6		331.2
Product warranty	67.9		61.9
Operating lease liabilities	56.3		41.6
Restructuring	22.3		15.5
Taxes	72.5		78.4
Accrued interest	33.2		33.1
Other	171.9		171.4
Total accrued liabilities	$	972.2	$	995.5

Schedule of Product Warranty Liability

A reconciliation of the changes in the accrued product warranty liability for the years ended December 31, 2024 and 2023 is as follows.

	2024		2023
Balance at beginning of period	$	61.9	$	46.2
Product warranty accruals	37.5		44.4
Acquired warranty	0.7		2.2
Settlements	(30.7)		(31.2)
Foreign currency translation and other	(1.5)		0.3
Balance at end of period	$	67.9	$	61.9