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Guarantees and Product Warranties
12 Months Ended
Dec. 31, 2022
Guarantees and Product Warranties [Abstract]  
GUARANTEES AND PRODUCT WARRANTIES PRODUCT WARRANTIESThe Company provides its customers a standard manufacturer’s warranty and records, at the time of the sale, a corresponding estimated liability for potential warranty costs. Estimated future obligations due to warranty claims are based upon historical factors such as labor rates, average repair time, travel time, number of service calls per machine and cost of replacement parts.
Changes in the Company’s warranty liability balance are illustrated in the following table:
20222021
Balance at January 1$36.3 $38.6 
Current period accruals19.5 24.4 
Current period settlements(26.4)(24.4)
Currency translation(1.1)(2.3)
Balance at December 31$28.3 $36.3