OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2022

Other Current Assets and Other Current Liabilities [Abstract]

Schedule of other current assets

Other current assets consisted of the following:

(In millions)	March 31, 2022		December 31, 2021
Value - added tax receivables	$	237.3	$	222.4
Withholding tax and other receivables	203.9		176.7
Prepaid expenses	74.4		50.7
Current financial assets at amortized cost	25.7		21.9
Held-to-maturity investments	9.5		8.8
Assets held for sale	5.0		5.0
Other	27.2		26.8
Total other current assets	$	583.0	$	512.3

Schedule of other current liabilities

Other current liabilities consisted of the following:

(In millions)	March 31, 2022		December 31, 2021
Legal provisions	126.7		121.7
Warranty accruals and project contingencies	$	119.0	$	119.5
Social security liability	77.1		70.4
Value - added tax and other taxes payable	64.8		71.0
Compensation accrual	18.2		85.7
Provisions	8.6		23.6
Current portion of accrued pension and other post-retirement benefits	4.5		5.2
Other accrued liabilities	163.9		163.3
Total other current liabilities	$	582.8	$	660.4