Other Financial Information

9 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Other Financial Information

OTHER FINANCIAL INFORMATION

	September 30, 2021		December 31, 2020
Reconciliation of cash, cash equivalents, and restricted cash
Cash and cash equivalents	$	743.6	$	534.6
Restricted cash included in other current assets	8.0		8.0
Total cash, cash equivalents, and restricted cash	$	751.6	$	542.6

	September 30, 2021		December 31, 2020
Inventories
Finished products	$	240.7	$	201.0
Raw materials	229.4		155.7
Work in process	107.3		89.9
Total inventories	$	577.4	$	446.6
	September 30, 2021		December 31, 2020
Property, plant and equipment, net
Machinery and equipment	$	338.1	$	322.4
Buildings	242.8		255.5
Land	42.4		47.4
Construction in progress	19.2		23.1
Property, plant and equipment, at cost	642.5		648.4
Less: Accumulated depreciation	(254.1)		(220.8)
Property, plant and equipment, net	$	388.4	$	427.6
	September 30, 2021		December 31, 2020
Accrued expenses and other liabilities
Deferred revenue	$	234.4	$	199.6
Accrued payroll and other employee compensation	129.1		138.5
Litigation reserve (see note 14)	—		96.6
Contract liabilities (see note 3)	61.8		36.1
Operating lease liabilities	45.9		42.3
Product warranty	29.9		36.5
Restructuring (see note 4)	43.7		69.3
Other	280.8		282.9
Total	$	825.6	$	901.8

	2021		2020
Change in product warranty accrual
Beginning balance, January 1	$	36.5	$	43.3
Provision charge to expense	11.2		18.6
Paid/utilized	(17.8)		(28.7)
Ending balance, September 30,	$	29.9	$	33.2