v3.25.4
Accrued Expenses and Other Liabilities
 12 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
Accrued Expenses and Other Liabilities
NOTE 8. ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued expenses and other liabilities as of December 31 were as follows:
 20252024
 ($ in millions)CurrentLong-termCurrentLong-term
Compensation, pension and post-retirement benefits$114.0 $12.4 $102.6 $12.2 
Claims, including self-insurance and litigation32.2 81.6 26.7 86.7 
Income and other taxes24.2 20.7 60.6 20.0 
Deferred revenue102.3 57.8 139.2 58.9 
Sales and product allowances43.2 — 37.0 — 
Warranty25.5 12.5 27.4 11.6 
Other69.0 25.1 69.0 23.4 
Total$410.4 $210.1 $462.5 $212.8 
Warranty Costs
Estimated warranty costs are generally accrued at the time of sale as a component of Cost of sales on the Consolidated Statements of Earnings and Comprehensive Income. In general, manufactured products are warrantied against defects in material and workmanship when properly used for their intended purpose, installed correctly and appropriately maintained. Warranty period terms depend on the nature of the product and range from 90 days up to the life of the product. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor, and in certain instances, estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known.
The following is a rollforward of the accrued warranty liability:
($ in millions)20252024
Accrual for warranties, beginning of year$39.0 $43.0 
Accruals for warranties issued during the year32.8 37.3 
Settlements made(34.3)(40.9)
Effect of foreign currency translation0.5 (0.4)
Accrual for warranties, end of year$38.0 $39.0