BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions):

	June 30, 2021		December 31, 2020
Cash and cash equivalents:
Cash and cash equivalents - continuing operations	$	542.2	$	665.0
Cash and cash equivalents - held for sale(1)	5.3		5.1
Total cash and cash equivalents	$	547.5	$	670.1

(1)     Amounts relate to the Company’s utility hot lines tools business located in South America.

Accounts Receivable, Allowance for Credit Loss

The following table summarizes changes in the consolidated allowance for doubtful accounts (in millions):

Balance as of December 31, 2020	$	9.5
Provision for credit losses	2.7
Other adjustments	(1.0)
Balance as of June 30, 2021	$	11.2

Schedule of Product Warranty Liability

The following table summarizes changes in the consolidated product warranty liability (in millions):

Balance as of December 31, 2020	$	52.9
Accruals for warranties issued during the period	21.5
Changes in estimates	(1.3)
Settlements during the period	(24.6)
Foreign exchange effect/other	(0.8)
Balance as of June 30, 2021	$	47.7