ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES

3 Months Ended

Apr. 04, 2026

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	April 4, 2026		December 31, 2025
Compensation and other employee-related benefits	$	191.4	$	178.3
Contract liabilities and other customer-related liabilities	324.8		220.8
Accrued income taxes and other tax-related liabilities	77.8		46.4
Operating lease liabilities	34.9		24.4
Accrued warranty costs	30.0		23.5
Environmental liabilities and other legal matters	13.0		14.4
Accrued restructuring costs	12.1		3.7
Other	76.4		60.5
Accrued and other current liabilities	$	760.4	$	572.0
Deferred income taxes and other tax-related liabilities(a)	$	750.8	$	82.5
Operating lease liabilities	77.8		60.0
Environmental liabilities	48.1		45.0
Compensation and other employee-related benefits	46.6		40.7
Other	56.6		51.1
Other non-current liabilities	$	979.9	$	279.3

(a)The increase in deferred tax liabilities primarily relates to purchase accounting adjustments recorded in connection with the acquisition of SPX FLOW. See Note 6, Income Taxes, for additional information.

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.

	April 4, 2026		March 29, 2025
Confirmed obligations outstanding at the beginning of the year	$	11.7	$	11.3
Invoices confirmed in the year	15.2		15.0
Payments applied towards invoices	(18.0)		(9.1)
Foreign currency translation	0.1		0.2
Confirmed obligations outstanding at the end of period	$	9.0	$	17.4