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BASIS OF PRESENTATION (Tables) | 3 Months Ended
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Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash and Cash Equivalents | The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions):
| March 31, 2021 |  | December 31, 2020 |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |
Cash and cash equivalents - continuing operations | $ | 572.9 |  |  | $ | 665.0 |  |  |  |  |
Cash and cash equivalents - held for sale(1) | 4.9 |  |  | 5.1 |  |  |  |  |
Total cash and cash equivalents | $ | 577.8 |  |  | $ | 670.1 |  |  |  |  |
(1) Amounts relate to the Company’s utility hot lines tools business located in South America.
Accounts Receivable, Allowance for Credit Loss | The following table summarizes changes in the consolidated allowance for doubtful accounts (in millions):
Balance as of December 31, 2020 | $ | 9.5 |
Provision for credit losses | 1.2 |
Other adjustments | (0.6) |
Balance as of March 31, 2021 | $ | 10.1 |
Schedule of Product Warranty Liability | The following table summarizes changes in the consolidated product warranty liability (in millions):
Balance as of December 31, 2020 | $ | 52.9 |
Accruals for warranties issued during the period | 11.2 |
Changes in estimates | (0.2) |
Settlements during the period | (11.3) |
Foreign exchange effect/other | (0.6) |
Balance as of March 31, 2021 | $ | 52.0 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
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