Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Other Current Liabilities

Schedule of other current liabilities

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

	2020		2019
Deferred revenue	$	118.0	$	102.6
Accrued compensation		110.6		105.7
Accrued warranty		20.3		21.1
Contingent consideration		2.7		12.6
Income taxes payable		98.0		52.4
Other taxes payable		18.5		17.5
Derivative liabilities		8.0		1.2
Operating leases		21.3		20.6
Legal and professional fees		14.3		8.8
Other accrued expenses		54.2		46.3
Other current liabilities	$	465.9	$	388.8

Schedule of changes in accrued warranty

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

Balance at December 31, 2017	$	20.6
Accruals for warranties issued during the year		21.3
Settlements of warranty claims		(21.5)
Foreign currency impact		(0.7)
Balance at December 31, 2018		19.7
Accruals for warranties issued during the year		24.5
Settlements of warranty claims		(22.9)
Foreign currency impact		(0.2)
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