Accrued Liabilities

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Accrued liabilities as of June 30, 2022 and December 31, 2021 consisted of the following.

	June 30, 2022		December 31, 2021
Salaries, wages and related fringe benefits	$	174.0	$	232.1
Contract liabilities	270.0		242.1
Product warranty	43.1		42.5
Operating lease liabilities	38.7		34.9
Restructuring	18.0		12.3
Taxes	41.2		41.6
Other	138.7		135.8
Total accrued liabilities	$	723.7	$	741.3

A reconciliation of the changes in the accrued product warranty liability for the three and six month periods ended June 30, 2022 and 2021 are as follows.

	For the Three Month Period Ended June 30,				For the Six Month Period Ended June 30,
	2022		2021		2022		2021
Balance at beginning of period	$	42.5	$	40.4	$	42.5	$	41.1
Product warranty accruals	5.2		5.4		9.4		9.8
Acquired warranty	—		—		—		0.1
Settlements	(3.5)		(4.1)		(7.3)		(8.9)
Foreign currency translation and other	(1.1)		0.3		(1.5)		(0.1)
Balance at end of period	$	43.1	$	42.0	$	43.1	$	42.0