Other Current and Non-Current Assets

12 Months Ended

Dec. 31, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Current and Non-Current Assets

OTHER CURRENT AND NON-CURRENT ASSETS

	2020		2019
Asbestos-related assets(a)	$	91.0	$	67.2
Advance payments and other prepaid expenses	39.6		45.4
Contract assets	19.1		18.0
Prepaid income taxes	29.0		20.6
Other	10.8		2.2
Other current assets	$	189.5	$	153.4
Other employee benefit-related assets	$	113.9	$	133.6
Operating lease right-of-use assets	87.3		91.7
Capitalized software costs	23.9		30.1
Environmental-related assets	10.6		22.2
Equity method investments	11.7		9.8
Other	24.6		29.1
Other non-current assets	$	272.0	$	316.5

(a)The increase in asbestos-related assets as of December 31, 2020 primarily relates to a 2020 settlement agreement with an insurer accelerating payments previously included in a buyout agreement. Refer to Note 20, Commitments and Contingencies, for further information.