Balance Sheet Components

12 Months Ended

Dec. 31, 2021

Additional Financial Information Disclosure [Abstract]

Balance Sheet Components

Balance Sheet Components 

	December 31,
	2021		2020
	(In millions)
RECEIVABLES
Customers	$	354.9	$	288.3
Other	8.7		10.9
Total	363.6		299.2
Less allowance for doubtful accounts	7.2		6.1
Total receivables - net	$	356.4	$	293.1
INVENTORIES
Raw materials and components parts	$	229.4	$	173.2
Work in process	47.4		29.5
Finished goods	93.6		87.2
Total inventories	$	370.4	$	289.9
PROPERTY, PLANT AND EQUIPMENT
Land and improvements	$	39.1	$	33.7
Buildings and improvements	197.9		192.4
Machinery, equipment and other	467.8		430.4
Office and transportation equipment	96.7		95.6
Construction in progress	30.5		28.7
Total	832.0		780.8
Less accumulated depreciation and amortization	504.7		482.5
Total property, plant and equipment - net	$	327.3	$	298.3
ACCRUED EXPENSES
Payroll and related items	$	91.5	$	75.2
Management incentive compensation	25.0		15.8
Income taxes payable	17.9		13.4
Insurance	11.0		11.1
Warranty	7.6		7.4
Deferred revenue	49.0		28.4
Lease liability	17.6		16.7
Restructuring	2.8		3.9
Accrued interest	3.6		3.6
Pension and retiree medical obligations	3.5		3.0
Other	30.3		30.3
Total accrued expenses	$	259.8	$	208.8
OTHER NONCURRENT LIABILITIES
Pension and retiree medical obligations	$	82.2	$	99.4
Transition tax payable	14.1		14.2
Deferred revenue	32.2		30.4
Lease liability	93.4		94.3
Other	25.5		28.5
Total other noncurrent liabilities	$	247.4	$	266.8

The valuation and qualifying account activity for the years ended December 31, 2021 and 2020 is as follows:

	2021		2020
	(In millions)
ALLOWANCE FOR DOUBTFUL ACCOUNTS
Beginning balance January 1	$	6.1	$	6.3
Charged to costs and expenses, net of recoveries	1.5		—
Utilization	(0.9)		(0.5)
Other adjustments, including acquisitions and currency translation	0.5		0.3
Ending balance December 31	$	7.2	$	6.1