Other Current Assets & Other Current Liabilities

12 Months Ended

Dec. 31, 2019

Other Current Assets & Other Current Liabilities [Abstract]

Other Current Assets & Other Current Liabilities

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES

Other current assets consisted of the following:

	December 31,
(In millions)	2019		2018
Value-added tax receivables	$	395.2	$	305.8
Other taxes receivables	100.7		85.0
Sundry receivables	69.6		87.0
Prepaid expenses	66.8		91.3
Held-to-maturity investments	49.7		—
Current financial assets at amortized cost	42.0		—
Asset held for sale	25.8		9.6
Other	113.9		76.9
Other current assets	$	863.7	$	655.6

Other current liabilities consisted of the following:

	December 31,
(In millions)	2019		2018
Warranty accruals and project contingencies	$	310.1	$	418.2
Value added tax and other taxes payable	240.4		214.3
Legal provisions	183.6		418.2
Social security liability	116.5		112.3
Redeemable financial liability	129.1		173.0
Compensation accrual	89.6		87.3
Provision	53.2		135.5
Current portion of accrued pension and other post-retirement benefits	14.9		14.0
Liabilities held for sale	9.3		16.2
Other accrued liabilities	347.8		182.6
Total other current liabilities	$	1,494.5	$	1,771.6