OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2023

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)	2023		2022
Value-added tax receivables	$	196.0	$	185.6
Withholding tax and other receivables	96.8		137.8
Prepaid expenses	83.5		61.9
Current financial assets at amortized cost	9.1		12.4
Held-to-maturity investments	1.3		15.1
Other	27.3		42.2
Total other current assets	$	414.0	$	455.0

Other current liabilities consisted of the following:

	December 31,
(In millions)	2023		2022
Legal settlement liability(a)	$	171.1	$	—
Compensation accrual	136.2		70.8
Social security liability	81.9		70.9
Value-added tax and other taxes payable	78.5		65.3
Warranty accruals and project contingencies	60.9		87.6
Legal provisions	57.7		116.7
Provisions	16.2		9.1
Current portion of accrued pension and other post-retirement benefits	4.4		2.5
Other accrued liabilities	141.1		138.0
Total other current liabilities	$	748.0	$	560.9