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Summary of Significant Accounting Policies (Tables)
6 Months Ended
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)20232022
Finished goods$346.4 $352.9 
Work-in-process17.5 19.4 
Raw materials and supplies165.4 182.7 
 $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 accrued11.4 
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 accrued4.2 
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, 2023December 31, 2022
2029 Senior Notes$693.6 $672.7 
2031 Senior Notes$651.0 $627.1