ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES

9 Months Ended

Sep. 27, 2025

Payables and Accruals [Abstract]

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES

ACCOUNTS PAYABLE, ACCRUED LIABILITIES AND OTHER NON-CURRENT LIABILITIES

The following table summarizes our accrued liabilities and other non-current liabilities.

As of the Period Ended	September 27, 2025		December 31, 2024
Compensation and other employee-related benefits	$	164.1	$	155.9
Contract liabilities and other customer-related liabilities	218.0		153.5
Accrued income taxes and other tax-related liabilities	37.8		38.5
Operating lease liabilities	24.3		22.6
Accrued warranty costs	22.2		16.7
Environmental liabilities and other legal matters	7.9		7.3
Accrued restructuring costs	3.7		2.9
Other	51.2		49.8
Accrued and other current liabilities	$	529.2	$	447.2
Deferred income taxes and other tax-related liabilities	$	83.7	$	64.8
Operating lease liabilities	63.5		73.7
Environmental liabilities	51.3		51.1
Compensation and other employee-related benefits	42.0		37.0
Other	41.0		34.1
Other non-current liabilities	$	281.5	$	260.7

Supply Chain Financing

The Company has supply chain financing (SCF) programs in place under which participating suppliers may elect to obtain payment from an intermediary. The Company confirms the validity of invoices from participating suppliers and agrees to pay the intermediary an amount based on invoice totals. The majority of amounts payable under these programs are due within 90 to 180 days and are considered commercially reasonable. There are no assets pledged as security or other forms of guarantees provided for the committed payments.

The following table displays a rollforward of our supply chain financing obligations which is included within Accounts payable in our Consolidated Condensed Balance Sheets.

	September 27, 2025		September 28, 2024
Confirmed obligations outstanding at the beginning of the year	$	11.3	$	19.7
Invoices confirmed in the year	51.6		42.3
Payments applied towards invoices	(47.7)		(37.9)
Foreign currency translation	0.2		0.3
Confirmed obligations outstanding at the end of period	$	15.4	$	24.4