Accrued and Other Current Liabilities

3 Months Ended

Mar. 31, 2022

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and Other Current Liabilities

(in millions)	March 31, 2022		December 31, 2021
Compensation and benefits	$	95.5	$	136.2
Customer incentives	65.2		97.9
Standard product warranties	27.1		26.8
Income and other accrued taxes	17.9		19.4
Other accrued liabilities	72.7		70.9
Accrued and other current liabilities	$	278.4	$	351.2

Standard Product Warranties

The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems, high-performance cables and assemblies and fluid technologies. The Company’s liability for such warranty programs is included in accrued and other current liabilities. The change in standard product warranty liabilities for the three months ended March 31, follows:

(in millions)	2022		2021
Balance as of January 1	$	26.8	$	30.0
Provision	3.0		0.5
Claims	(2.6)		(1.0)
Foreign exchange	(0.1)		(0.3)
Balance as of March 31	$	27.1	$	29.2