Accrued and Other Current Liabilities

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and Other Current Liabilities

(in millions)	December 31, 2022		December 31, 2021
Customer incentives	$	131.2	$	97.9
Compensation and benefits	123.0		136.2
Standard product warranties	25.7		26.8
Income and other accrued taxes	13.5		19.4
Other accrued liabilities	72.4		70.9
Accrued and other current liabilities	$	365.8	$	351.2

Standard Product Warranties

The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems, weatherproofing systems, high-performance cables and assemblies, and fluid technologies. 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)	2022		2021
Balance as of January 1	$	26.8	$	30.0
Provision	10.3		9.1
Claims	(11.0)		(11.7)
Foreign exchange	(0.4)		(0.6)
Balance as of December 31	$	25.7	$	26.8