Accrued and Other Current Liabilities

6 Months Ended

Jun. 30, 2023

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and Other Current Liabilities

(in millions)	June 30, 2023		December 31, 2022
Compensation and benefits	$	81.9	$	114.0
Customer incentives	67.9		126.3
Standard product warranties	24.9		25.2
Income and other accrued taxes	19.1		12.2
Other accrued liabilities	69.4		66.8
Accrued and other current liabilities	$	263.2	$	344.5

Standard Product Warranties

The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems and high-performance cables and assemblies. 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)	2023		2022
Balance as of January 1	$	25.2	$	26.2
Provision	6.7		4.7
Claims	(7.1)		(5.9)
Foreign exchange	0.1		(0.4)
Balance as of June 30	$	24.9	$	24.6