XML 37 R26.htm IDEA: XBRL DOCUMENT v3.24.3
ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES
 9 Months Ended
Sep. 28, 2024
Payables and Accruals [Abstract]  
ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES ACCOUNTS PAYABLE, ACCRUED LIABILITIES AND OTHER NON-CURRENT LIABILITIES 
The following table summarizes our accrued liabilities and other non-current liabilities.
As of the Period EndedSeptember 28,
2024		December 31,
2023
Compensation and other employee-related benefits$151.8 $165.5 
Contract liabilities and other customer-related liabilities169.9 133.6 
Accrued income taxes and other tax-related liabilities36.2 30.7 
Operating lease liabilities21.8 19.5 
Accrued warranty costs16.8 14.0 
Environmental liabilities and other legal matters4.6 5.8 
Accrued restructuring costs2.9 4.8 
Other47.7 39.2 
Accrued and other current liabilities$451.7 $413.1 
Deferred income taxes and other tax-related liabilities(a)
$104.4 $25.0 
Operating lease liabilities
76.9 72.3 
Environmental liabilities49.9 52.0 
Compensation and other employee-related benefits39.3 38.0 
Other40.8 24.0 
Other non-current liabilities$311.3 $211.3 
(a)    The increase in deferred income taxes and other tax-related liabilities primarily relates to deferred tax liabilities recognized in connection with the acquisitions of Svanehøj and kSARIA.
Supply Chain Financing
The Company has supply chain financing (SCF) programs in place under which participating suppliers may elect to obtain payment from an intermediary. The Company confirms the validity of invoices from participating suppliers and agrees to pay the intermediary an amount based on invoice totals. The majority of amounts payable under these programs are due within 90 to 180 days and are considered commercially reasonable. There are no assets pledged as security or other forms of guarantees provided for the committed payments. As of September 28, 2024 and December 31, 2023, there were $24.4 and $19.7, respectively, of outstanding amounts payable to suppliers who have elected to participate in these SCF programs. These amounts were recorded within Accounts payable in our Consolidated Condensed Balance Sheets.