XML 52 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Other Current Liabilities (Tables)
12 Months Ended
Dec. 31, 2022
Other Liabilities Disclosure [Abstract]  
Schedule of other current liabilities

The following is a summary of other current liabilities (in millions):

 

 

 

2022

 

 

2021

 

Deferred revenue

 

$

152.2

 

 

$

138.4

 

Accrued compensation

 

 

136.1

 

 

 

132.0

 

Accrued warranty

 

 

24.7

 

 

 

23.8

 

Contingent consideration

 

 

8.1

 

 

 

5.2

 

Income taxes payable

 

 

85.5

 

 

 

75.1

 

Other taxes payable

 

 

18.5

 

 

 

15.4

 

Derivative liabilities

 

 

0.9

 

 

 

6.4

 

Operating leases

 

 

16.4

 

 

 

17.9

 

Legal and professional fees

 

 

14.2

 

 

 

12.8

 

Other accrued expenses

 

 

42.6

 

 

 

54.2

 

Other current liabilities

 

$

499.2

 

 

$

481.2

 

Schedule of changes in accrued warranty

The following table sets forth the changes in accrued warranty (in millions):

 

 

 

 

Balance at December 31, 2019

 

$

21.1

 

Accruals for warranties issued during the year

 

 

19.2

 

Settlements of warranty claims

 

 

(21.1

)

Foreign currency impact

 

 

1.1

 

Balance at December 31, 2020

 

 

20.3

 

Accruals for warranties issued during the year

 

 

23.4

 

Settlements of warranty claims

 

 

(19.0

)

Foreign currency impact

 

 

(0.9

)

Balance at December 31, 2021

 

 

23.8

 

Accruals for warranties issued during the year

 

 

12.9

 

Settlements of warranty claims

 

 

(10.9

)

Foreign currency impact

 

 

(1.1

)

Balance at December 31, 2022

 

$

24.7