Accrued and Other Current Liabilities

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and Other Current Liabilities

(in millions)	March 31, 2024		December 31, 2023
Compensation and benefits	$	56.2	$	77.2
Customer incentives	52.5		112.7
Standard product warranties	25.9		24.9
Income and other accrued taxes	20.4		19.9
Other accrued liabilities	63.7		58.2
Accrued and other current liabilities	$	218.7	$	292.9

Standard Product Warranties

The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems. 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)	2024		2023
Balance as of January 1	$	24.9	$	25.2
Provision	5.3		3.3
Claims	(4.2)		(3.3)
Foreign exchange	(0.1)		0.1
Balance at March 31,	$	25.9	$	25.3