Accrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

NOTE 8. ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities as of December 31 were as follows:

	2025				2024
($ in millions)	Current		Long-term		Current		Long-term
Compensation, pension and post-retirement benefits	$	114.0	$	12.4	$	102.6	$	12.2
Claims, including self-insurance and litigation	32.2		81.6		26.7		86.7
Income and other taxes	24.2		20.7		60.6		20.0
Deferred revenue	102.3		57.8		139.2		58.9
Sales and product allowances	43.2		—		37.0		—
Warranty	25.5		12.5		27.4		11.6
Other	69.0		25.1		69.0		23.4
Total	$	410.4	$	210.1	$	462.5	$	212.8

Warranty Costs

Estimated warranty costs are generally accrued at the time of sale as a component of Cost of sales on the Consolidated Statements of Earnings and Comprehensive Income. In general, manufactured products are warrantied against defects in material and workmanship when properly used for their intended purpose, installed correctly and appropriately maintained. Warranty period terms depend on the nature of the product and range from 90 days up to the life of the product. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor, and in certain instances, estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known.

The following is a rollforward of the accrued warranty liability:

($ in millions)	2025		2024
Accrual for warranties, beginning of year	$	39.0	$	43.0
Accruals for warranties issued during the year	32.8		37.3
Settlements made	(34.3)		(40.9)
Effect of foreign currency translation	0.5		(0.4)
Accrual for warranties, end of year	$	38.0	$	39.0