Accrued and Other Current Liabilities

9 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and Other Current Liabilities

(in millions)	September 30, 2024		December 31, 2023
Customer incentives	$	96.2	$	112.7
Compensation and benefits	87.7		77.2
Standard product warranties	28.6		24.9
Income and other accrued taxes	30.5		19.9
Other accrued liabilities	67.4		58.2
Accrued and other current liabilities	$	310.4	$	292.9

Standard Product Warranties

The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems. The Company’s liability for such warranty programs is included in accrued and other current liabilities. The change in standard product warranty liabilities for the nine months ended September 30, follows:

(in millions)	2024		2023
Balance as of January 1	$	24.9	$	25.2
Provision	15.2		10.3
Acquired warranty obligations	0.8		—
Claims	(12.4)		(12.0)
Foreign exchange	0.1		(0.1)
Balance as of September 30	$	28.6	$	23.4