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Accrued Expenses and Other Current Liabilities | 6 Months Ended
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Jun. 30, 2025
Payables and Accruals [Abstract] |
Accrued Expenses and Other Current Liabilities | Accrued Expenses and Other Current Liabilities The components of accrued expenses and other current liabilities were as follows:
(in millions) | June 30, 2025 |  | December 31, 2024
Accrued rebates | $ | 175.4 |  |  | $ | 148.3 |
Employee compensation and related costs | 131.9 |  |  | 142.9 |
Professional and consulting services | 40.9 |  |  | 51.6 |
Other | 105.3 |  |  | 81.2 |
Accrued expenses and other current liabilities | $ | 453.4 |  |  | $ | 423.9 |
Product Warranty Costs The Company provides a four-year warranty on its Controllers and Personal Diabetes Managers (“PDMs”) sold in the United States and Europe and a five-year warranty on Controllers and PDMs sold in Canada and may replace Pods that do not function in accordance with product specifications. The Company estimates its warranty obligation at the time the product is shipped based on historical experience and the estimated cost to service the claims. Cost to service the claims reflects the current product cost, reclaim costs, shipping and handling costs and direct and incremental distribution and customer service support costs. Since the Company continues to introduce new products and versions, the anticipated performance of the product over the warranty period is also considered in estimating warranty reserves. Warranty expense is recorded in cost of revenue in the consolidated statements of income. Reconciliations of the changes in the Company’s product warranty liability were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Product warranty liability at beginning of period | $ | 16.1 |  |  | $ | 11.3 |  |  | $ | 13.9 |  |  | $ | 10.2 |
Warranty expense | 6.8 |  |  | 5.7 |  |  | 14.4 |  |  | 11.2 |
Change in estimate | — |  |  | (0.4) |  |  | — |  |  | (0.4) |
Warranty fulfillment | (5.8) |  |  | (5.0) |  |  | (11.2) |  |  | (9.4) |
Product warranty liability at the end of period | $ | 17.1 |  |  | $ | 11.6 |  |  | $ | 17.1 |  |  | $ | 11.6 |

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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 720 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483384/720-30-45-1 + Details
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- References No definition available. + Details
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