v3.26.1
Warranty provisions
6 Months Ended
Jun. 30, 2026
Product Warranties Disclosures [Abstract]  
Warranty provisions
Note 9. Warranty provisions
The Company recognizes warranty provisions for the estimated costs of fulfilling its warranty obligations. Warranty provisions are categorized as either general or specific.
Warranty provisions are presented within the Company’s other current liabilities and other
non-current
liabilities in the consolidated statements of financial position. Warranty provisions were $59.4 million and $60.8 million as of June 30, 2026 and December 31, 2025, respectively.
Standard warranty coverage generally ranges from 12 to 36 months from delivery or commissioning, depending on the product line, and provisions reflect the estimated costs over the applicable coverage period.
 
(in millions of $)
  
2026
    
2025
 
Balance as of January 1
  
 
60.8
 
  
 
55.1
 
Current year provisions
     14.0        11.1  
Expenditure
     (9.5      (8.8
Other changes
     (5.9      2.7  
  
 
 
    
 
 
 
Balance as of June 30
  
 
59.4
 
  
 
60.1
 
current      23.0        19.1  
non-current
     36.4        41.0