Accrued and Other Current Liabilities

3 Months Ended

Mar. 31, 2023

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and Other Current Liabilities

(in millions)	March 31, 2023		December 31, 2022
Compensation and benefits	$	71.9	$	123.0
Customer incentives	40.6		131.2
Standard product warranties	25.9		25.7
Income and other accrued taxes	15.2		13.5
Other accrued liabilities	69.4		72.4
Accrued and other current liabilities	$	223.0	$	365.8

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)	2023		2022
Balance as of January 1	$	25.7	$	26.8
Provision	3.4		3.0
Claims	(3.3)		(2.6)
Foreign exchange	0.1		(0.1)
Balance as of March 31	$	25.9	$	27.1