XML 32 R22.htm IDEA: XBRL DOCUMENT v3.24.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2024
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:
September 30,December 31,
(in millions)20242023
Finished goods$347.4 $335.4 
Work-in-process16.7 16.5 
Raw materials and supplies132.1 131.2 
 $496.2 $483.1 
Summary of Warranty Activity
The Company had the following activity for its accrued warranty expense from December 31, 2023 to September 30, 2024:
(in millions)
Balance as of December 31, 2023$40.8 
Amounts accrued5.1 
Warranties charged to accrual(9.3)
Balance as of September 30, 2024$36.6 
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, 2023 to September 30, 2024:
(in millions)
Balance as of December 31, 2023
$66.9 
Amounts accrued9.9 
Write-offs charged against the allowance(5.9)
Balance as of September 30, 2024
$70.9 
Schedule of Long Term Debt The fair values of these material financial instruments are as follows:
Fair Value
(in millions)September 30, 2024December 31, 2023
2029 Senior Notes$746.7 $724.2 
2031 Senior Notes$714.2 $677.6