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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2023
Accounting Policies [Abstract] |
Schedule of Inventory | Inventories are stated at the lower of cost or net realizable value, determined by the first-in, first-out method, and consist of the following:
| June 30, |  | December 31,
(in millions) | 2023 |  | 2022
Finished goods | $ | 346.4 |  |  | $ | 352.9 |
Work-in-process | 17.5 |  |  | 19.4 |
Raw materials and supplies | 165.4 |  |  | 182.7 |
| $ | 529.3 |  |  | $ | 555.0 |
Summary of Warranty Activity | The Company had the following activity for its accrued warranty expense from December 31, 2022 to June 30, 2023:
(in millions) |
Balance as of December 31, 2022 | $ | 41.6 |
Amounts accrued | 11.4 |
Warranties charged to accrual | (9.0) |
Balance as of June 30, 2023 | $ | 44.0 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The Company had the following activity for its allowance for credit losses from December 31, 2022 to June 30, 2023:
(in millions) |  |
Balance as of December 31, 2022 |  | $ | 62.4 |
Amounts accrued |  | 4.2 |
Write-offs charged against the allowance |  | (1.2) |
Balance as of June 30, 2023 |  | $ | 65.4 |
Schedule of Long Term Debt | The fair values of these material financial instruments are as follows:
|  | Fair Value
(in millions) |  | June 30, 2023 |  | December 31, 2022
2029 Senior Notes |  | $ | 693.6 |  |  | $ | 672.7 |
2031 Senior Notes |  | $ | 651.0 |  |  | $ | 627.1 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-8 + Details
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