OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES

6 Months Ended

Jun. 30, 2022

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)	June 30, 2022		December 31, 2021
Value-added tax receivables	$	226.7	$	222.4
Withholding tax and other receivables	134.2		176.7
Prepaid expenses	71.8		50.7
Assets held for sale	19.2		5.0
Current financial assets at amortized cost	14.3		21.9
Held-to-maturity investments	9.0		8.8
Other	28.0		26.8
Total other current assets	$	503.2	$	512.3

Other current liabilities consisted of the following:

(In millions)	June 30, 2022		December 31, 2021
Legal provisions	$	118.9	$	121.7
Warranty accruals and project contingencies	97.0		119.5
Social security liability	62.2		70.4
Value-added tax and other taxes payable	59.6		71.0
Compensation accrual	32.6		85.7
Provisions	12.6		23.6
Current portion of accrued pension and other post-retirement benefits	3.9		5.2
Other accrued liabilities	162.5		163.3
Total other current liabilities	$	549.3	$	660.4