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Other Liabilities
12 Months Ended
Dec. 31, 2021
Other Liabilities Disclosure [Abstract]  
Other Liabilities OTHER LIABILITIES
Other Accrued Liabilities
A summary of other accrued liabilities as of December 31 follows:
20212020
Accrued payroll and benefits$295.0 $221.1 
Insurance reserves, current portion193.5 167.5 
Accrued dividends145.9 135.5 
Accrued fees and taxes143.7 132.3 
Operating right-of-use lease liabilities, current portion38.2 33.5 
Ceded insurance reserves, current portion31.0 34.1 
Accrued professional fees and legal settlement reserves8.4 7.2 
Other73.8 89.0 
Total$929.5 $820.2 
 Other Long-Term Liabilities
A summary of other long-term liabilities as of December 31 follows:
20212020
Operating right-of-use lease liabilities$239.0 $206.6 
Deferred compensation plan liability119.4 126.6 
Ceded insurance reserves79.5 84.8 
Contingent purchase price and acquisition holdbacks64.4 67.3 
Other derivative liabilities50.7 103.0 
Withdrawal liability - multiemployer pension funds24.5 22.3 
Legal settlement reserves3.1 20.2 
Pension and other post-retirement liabilities1.2 5.5 
Other60.6 45.5 
Total$642.4 $681.8 
Insurance Reserves
Our liabilities for unpaid and incurred but not reported claims as of December 31, 2021 and 2020 (which include claims for workers’ compensation, commercial general and auto liability, and employee-related health care benefits) were $497.4 million and $449.3 million, respectively, under our risk management program and are included in other accrued liabilities and insurance reserves, net of current portion, in our consolidated balance sheets. While the ultimate amount of claims incurred depends on future developments, we believe the recorded reserves are adequate to cover the future payment of claims; however, it is possible that these recorded reserves may not be adequate to cover the future payment of claims. Adjustments, if any, to estimates recorded resulting from ultimate claim payments will be reflected in our consolidated statements of income in the periods in which such adjustments are known.
The following table summarizes the activity in our insurance reserves for the years ended December 31:
202120202019
Balance at beginning of year$449.3 $438.5 $423.7 
Additions charged to expense552.4 466.1 468.5 
Payments(531.8)(482.6)(479.3)
Accretion expense0.3 0.5 0.7 
Premium written for third party risk assumed36.5 36.5 35.5 
Reclassified to ceded insurance reserves(9.3)(9.7)(10.6)
Balance at end of year497.4 449.3 438.5 
Less: current portion(193.5)(167.5)(162.0)
Long-term portion$303.9 $281.8 $276.5