Other Current Assets & Other Current Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

Other Current Assets and Other Current Liabilities [Abstract]

Schedule of other current assets

Other current assets consisted of the following:

(In millions)	June 30, 2018		December 31, 2017
Value-added tax receivables	$	323.1	$	532.5
Prepaid expenses	152.2		136.2
Other taxes receivables	92.2		155.8
Held-to-maturity investments	60.0		60.0
Asset held for sale	33.9		50.2
Available-for-sale securities	—		9.9
Other	205.0		261.6
Total other current assets	$	866.4	$	1,206.2

Schedule of other current liabilities

Other current liabilities consisted of the following:

(In millions)	June 30, 2018		December 31, 2017
Warranty accruals	$	335.4	$	321.3
Contingencies related to completed contracts	177.5		214.9
Provisions	176.3		223.0
Social security liability	120.4		145.0
Redeemable financial liability	123.9		69.7
Other taxes payable	93.9		204.4
Compensation accrual	83.8		123.5
Liabilities held for sale	22.9		13.7
Current portion of accrued pension and other post-retirement benefits	10.1		10.3
Other accrued liabilities	333.2		362.1
Total other current liabilities	$	1,477.4	$	1,687.9