Accrued Expenses (Tables)

9 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

Components of Accrued Expenses

The components of accrued expenses as of September 30, 2022 and December 31, 2021 were:

	September 30, 2022		December 31, 2021
Payroll and related items	$	87.1	$	91.5
Management incentive compensation	22.5		25.0
Income taxes payable	22.1		17.9
Insurance	11.3		11.0
Warranty	8.4		7.6
Deferred revenue(1)	45.2		49.0
Lease liability	18.2		17.6
Restructuring	1.4		2.8
Accrued interest	12.0		3.6
Pension and retiree medical obligations	3.5		3.5
Other	32.9		30.3
Total accrued expenses	$	264.6	$	259.8

(1) The balance as of September 30, 2022 has been reduced by the acceleration of previously deferred revenue of $3.2 million related to a customer’s decision to discontinue further investment in commercializing its COVID-19 testing application. See Note 13 for further detail.