Other Current Assets & Other Current Liabilities

3 Months Ended

Mar. 31, 2020

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)	March 31, 2020		December 31, 2019
Value-added tax receivables	438.0		395.2
Sundry receivables	112.0		69.6
Prepaid expenses	110.1		66.8
Other taxes receivables	89.7		100.7
Held-to-maturity investments	49.7		49.7
Current financial assets at amortized cost	41.1		42.0
Asset held for sale	11.2		25.8
Other	116.8		113.9
Total other current assets	$	968.6	$	863.7

Other current liabilities consisted of the following:

(In millions)	March 31, 2020		December 31, 2019
Value added tax and other taxes payable	257.7		240.4
Warranty accruals and project contingencies	219.6		310.1
Legal provisions	173.1		183.6
Redeemable financial liability	131.4		129.1
Social security liability	121.5		116.5
Provision	43.1		53.2
Compensation accrual	21.6		89.6
Current portion of accrued pension and other post-retirement benefits	19.8		14.9
Liabilities held for sale	9.3		9.3
Other accrued liabilities	406.4		347.8
Total other current liabilities	$	1,403.5	$	1,494.5