Accrued and Other Current Liabilities

9 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and Other Current Liabilities

(in millions)	September 30, 2022		December 31, 2021
Compensation and benefits	$	124.1	$	136.2
Customer incentives	115.9		97.9
Standard product warranties	24.9		26.8
Income and other accrued taxes	19.7		19.4
Other accrued liabilities	76.8		70.9
Accrued and other current liabilities	$	361.4	$	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 nine months ended September 30, follows:

(in millions)	2022		2021
Balance as of January 1	$	26.8	$	30.0
Provision	7.5		8.6
Acquired warranty obligations	—		0.7
Claims	(8.5)		(9.2)
Foreign exchange	(0.9)		(0.4)
Balance as of September 30	$	24.9	$	29.7