Other Current Assets & Other Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2018

Other Current Assets and Other Current Liabilities [Abstract]

Schedule of other current assets

Other current assets consisted of the following:

(In millions)	March 31, 2018		December 31, 2017
Value-added tax receivables	$	552.0	$	532.5
Prepaid expenses	140.7		136.2
Other taxes receivables	129.2		155.8
Held-to-maturity investments (short - term)	60.0		60.0
Asset held for sale	25.0		50.2
Available-for-sale securities (short - term)	—		9.9
Other	246.8		261.6
Total other current assets	$	1,153.7	$	1,206.2

Schedule of other current liabilities

Other current liabilities consisted of the following:

(In millions)	March 31, 2018		December 31, 2017
Warranty accruals	$	373.4	$	321.3
Contingencies related to completed contracts	234.6		214.9
Provisions	216.1		223.0
Social security liability	139.3		145.0
Redeemable financial liability	124.2		69.7
Other taxes payable	216.8		204.4
Compensation accrual	63.1		123.5
Current accounts on contracts under joint arrangements	23.8		23.5
Liabilities held for sale	12.8		13.7
Current portion of accrued pension and other post-retirement benefits	10.4		10.3
Other accrued liabilities	427.6		338.6
Total other current liabilities	$	1,842.1	$	1,687.9