Product Warranties

3 Months Ended

Mar. 31, 2026

Madison Industries IAQ Solutions Corporation

Product Warranty Liability [Line Items]

The Company provides for estimated product warranty expenses when the Company sells the related products. Product warranty is estimated using historical claims experience, and claims costs may differ from amounts provided.

Changes in accrued warranty costs for the three months ended March 31, 2026 were as follows:


	2026
Beginning balance	$	48.5
Warranties recorded at time of sale	6.6

Adjustments to pre-existing warranties	(0.5)
Settlements	(6.4)
Effect of exchange rate changes	(0.2)
Ending balance	$	48.0

Current warranty costs of $23.0 and $24.5 were recorded within accrued expenses and other current liabilities on the unaudited condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025, respectively. Long-term warranty costs of $25.0 and $24.0 were recorded within other long-term liabilities on the unaudited condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025, respectively. The Company’s warranty period ranges from 1 year to 15 years.