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Other Current and Long-term Liabilities | 12 Months Ended
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Dec. 31, 2024
Other Liabilities Disclosure [Abstract] |
Other Current and Long-term Liabilities | 20. Other Current and Long-term Liabilities The following is a summary of other current liabilities (in millions):
|  | 2024 |  |  | 2023 |
Accrued compensation |  | $ | 187.8 |  |  | $ | 166.5 |
Income taxes payable (note 14) |  |  | 119.6 |  |  |  | 138.7 |
Accrued warranty |  |  | 32.6 |  |  |  | 30.0 |
Other taxes payable (note 14) |  |  | 22.9 |  |  |  | 18.7 |
Distributor commissions |  |  | 6.3 |  |  |  | 8.4 |
Operating lease liabilities (note 19) |  |  | 32.1 |  |  |  | 23.3 |
Legal and professional fees |  |  | 20.2 |  |  |  | 17.1 |
Hybrid instruments liability (note 25) |  |  | — |  |  |  | 14.1 |
Acquisition-related litigation costs (note 26) |  |  | 86.0 |  |  |  | 4.3 |
Accrued interest |  |  | 10.0 |  |  |  | 4.3 |
Other accrued expenses |  |  | 59.0 |  |  |  | 52.8 |
Other current liabilities |  | $ | 576.5 |  |  | $ | 478.2 |
The following table sets forth the changes in accrued warranty (in millions):
Balance at December 31, 2021 |  | $ | 23.8 |
Accruals for warranties issued during the year |  |  | 12.9 |
Settlements of warranty claims |  |  | (10.9 | )
Foreign currency impact |  |  | (1.1 | )
Balance at December 31, 2022 |  |  | 24.7 |
Accruals for warranties issued during the year |  |  | 16.8 |
Settlements of warranty claims |  |  | (12.4 | )
Foreign currency impact |  |  | 0.9 |
Balance at December 31, 2023 |  |  | 30.0 |
Accruals for warranties issued during the year |  |  | 20.4 |
Settlements of warranty claims |  |  | (16.0 | )
Foreign currency impact |  |  | (1.8 | )
Balance at December 31, 2024 |  | $ | 32.6 |
The following is a summary of other long-term liabilities (in millions):
|  | 2024 |  |  | 2023 |
Income and other taxes payable (note 14) |  | $ | 73.9 |  |  | $ | 64.4 |
Hybrid instruments liability (note 25) |  |  | 78.1 |  |  |  | 56.5 |
Accrued Pension (note 10) |  |  | 103.0 |  |  |  | 76.6 |
Other |  |  | 56.0 |  |  |  | 42.7 |
Other long-term liabilities |  | $ | 311.0 |  |  | $ | 240.2 |

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