Accrued and Other Current Liabilities

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and Other Current Liabilities

(in millions)	June 30, 2022		December 31, 2021
Compensation and benefits	$	113.2	$	136.2
Customer incentives	96.2		97.9
Standard product warranties	25.0		26.8
Income and other accrued taxes	18.6		19.4
Other accrued liabilities	67.0		70.9
Accrued and other current liabilities	$	320.0	$	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 six months ended June 30, follows:

(in millions)	2022		2021
Balance as of January 1	$	26.8	$	30.0
Provision	4.7		0.1
Claims	(6.0)		(2.3)
Foreign exchange	(0.5)		(0.2)
Balance as of June 30	$	25.0	$	27.6