Other Current Assets & Other Current Liabilities

9 Months Ended

Sep. 30, 2018

Other Current Assets and Other Current Liabilities [Abstract]

Other Current Assets & Other Current Liabilities

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES

Other current assets consisted of the following:

(In millions)	September 30, 2018		December 31, 2017
Value-added tax receivables	$	326.7	$	532.5
Prepaid expenses	126.5		136.2
Other taxes receivables	94.2		155.8
Held-to-maturity investments	60.0		60.0
Asset held for sale	20.9		50.2
Other	202.6		271.5
Total other current assets	$	830.9	$	1,206.2

Other current liabilities consisted of the following:

(In millions)	September 30, 2018		December 31, 2017
Warranty accruals	$	316.0	$	321.3
Contingencies related to completed contracts	140.3		214.9
Provisions	258.8		223.0
Social security liability	101.5		145.0
Redeemable financial liability	174.2		69.7
Other taxes payable	123.8		204.4
Compensation accrual	81.2		123.5
Liabilities held for sale	14.9		13.7
Current portion of accrued pension and other post-retirement benefits	11.1		10.3
Other accrued liabilities	214.0		362.1
Total other current liabilities	$	1,435.8	$	1,687.9