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v3.22.4

Accrued and Other Current Liabilities | 12 Months Ended
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Dec. 31, 2022
Payables and Accruals [Abstract] |
Accrued and Other Current Liabilities | Accrued and Other Current Liabilities
(in millions) |  | December 31, 2022 |  | December 31, 2021
Customer incentives |  | $ | 131.2 |  |  | $ | 97.9 |
Compensation and benefits |  | 123.0 |  |  | 136.2 |
Standard product warranties |  | 25.7 |  |  | 26.8 |
Income and other accrued taxes |  | 13.5 |  |  | 19.4 |
Other accrued liabilities |  | 72.4 |  |  | 70.9 |
Accrued and other current liabilities |  | $ | 365.8 |  |  | $ | 351.2 |
Standard Product Warranties The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems, weatherproofing systems, high-performance cables and assemblies, and fluid technologies. The Company’s liability for such warranty programs is included in accrued expenses. The change in the Company’s standard product warranty liabilities follows:
(in millions) |  | 2022 |  | 2021
Balance as of January 1 |  | $ | 26.8 |  |  | $ | 30.0 |
Provision |  | 10.3 |  |  | 9.1 |
Claims |  | (11.0) |  |  | (11.7) |
Foreign exchange |  | (0.4) |  |  | (0.6) |
Balance as of December 31 |  | $ | 25.7 |  |  | $ | 26.8 |

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- References No definition available. + Details
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