Accrued Expenses and Other Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accrued expenses and other current liabilities, consisted of the following as of March 31, 2022 and December 31, 2021:

	March 31,		December 31,
	2022		2021
CPA Global Equity Plan liability(1)	$	9.8	$	152.4
Employee related accruals(2)	98.3		150.6
Accrued professional fees(3)	35.8		39.4
Accrued legal liability(4)	76.7		79.0
Tax related accruals(5)	35.8		28.5
Accrued royalty costs(6)	69.5		71.3
Other accrued expenses and other current liabilities(7)	206.1		158.4
Total accrued expenses and other current liabilities	$	532.0	$	679.6
(1) See Note 9 - Fair Value Measurements and Note 14 - Share-based Compensation for further information.
(2) Employee related accruals include accrued payroll, bonus and employee commissions.
(3) Professional and outside service-related fees include accrued legal fees, audit fees, outside services, technology, and contractor fees.
(4) Of the balance as of March 31, 2022 and December 31, 2021, management estimated the Company's potential liability for the larger legal claims is $60.4 and $60.5, respectively, which includes estimated legal costs and accrued interest. See Note 19 - Commitments and Contingencies for further information with respect to the probable claim reserves.
(5) Tax related accruals include value-added taxes payable and other current taxes payable.
(6) Represents accrued royalty costs associated with licensee agreements.
(7) Includes current liabilities due to customers, interest payable, and miscellaneous other current liabilities. As of March 31, 2022, $6.4 in dividends on preferred shares are accrued and $11.3 in shares repurchased in March are accrued in which the cash did not settle until April (see Note 13 - Shareholders’ Equity).