Accrued and Other Current Liabilities

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

—Accrued and Other Current Liabilities

(in millions)	December 31, 2019		December 31, 2018
Compensation and benefits	$	109.5	$	99.9
Customer incentives	69.9		66.1
Standard product warranties	29.2		31.9
Income and other accrued taxes	22.7		16.7
Other accrued liabilities	63.2		43.4
Accrued and other current liabilities	$	294.5	$	258.0

Standard Product Warranties

The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems, high-performance cables and assemblies, fluid technologies and braking products. The Company’s liability for such warranty programs is included in accrued expenses. The change in the Company’s standard product warranty liabilities follows:

(in millions)	December 31, 2019		December 31, 2018
Balance as of January 1	$	31.9	$	30.4
Provision	17.1		18.1
Claims	(19.6)		(16.3)
Foreign exchange	(0.2)		(0.3)
Balance as of December 31	$	29.2	$	31.9