OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2021

Other Current Assets and Other Current Liabilities [Abstract]

Schedule of other current assets

Other current assets consisted of the following:

(In millions)	June 30, 2021		December 31, 2020
Value - added tax receivables	$	260.1	$	256.9
Prepaid expenses	93.5		78.1
Sundry receivables	74.1		138.4
Other tax receivables	61.3		73.8
Current financial assets at amortized cost	37.3		40.6
Assets held for sale	6.2		47.3
Held-to-maturity investments	3.2		24.2
Other	43.0		24.1
Total other current assets	$	578.7	$	683.4

Schedule of other current liabilities

Other current liabilities consisted of the following:

(In millions)	June 30, 2021		December 31, 2020
Warranty accruals and project contingencies	$	175.9	$	168.8
Legal provisions	131.9		127.6
Value - added tax and other taxes payable	103.5		109.6
Social security liability	66.7		67.9
Compensation accrual	42.1		54.3
Provisions	35.3		53.0
Current portion of accrued pension and other post-retirement benefits	6.8		6.9
TIOS non-controlling interest	48.7		—
Other accrued liabilities	194.8		230.2
Total other current liabilities	$	805.7	$	818.3