Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Schedule of Accrued Expenses

Accrued expenses at December 31, 2023 and 2022 consisted of the following (in millions):

	2023		2022
Reserve for volume discounts and sales incentives	$	953.6	$	630.8
Warranty reserves	679.9		546.0
Accrued employee compensation and benefits	454.8		390.2
Accrued taxes	401.2		344.8
Other	414.3		359.5
Balance at the end of the year	$	2,903.8	$	2,271.3