Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 33

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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6 Total cash, cash equivalents, and restricted cash$1,656.0 $1,232.2  

10

June 30, 2025December 31, 2024InventoriesFinished products$505.3 $400.8 Raw materials648.8 564.7 Work in process259.2 278.9 Total inventories$1,413.3 $1,244.4 June 30, 2025December 31, 2024Property, plant and equipment, net(1)Machinery and equipment$644.5 $570.1 Buildings400.7 362.1 Land41.2 39.4 Construction in progress71.6 87.5 Property, plant and equipment, at cost1,158.0 1,059.1 Less: Accumulated depreciation(491.6)(434.0)Property, plant and equipment, net$666.4 $625.1 (1)    Property, plant and equipment, net in the United States was $158.3 and  $148.8 as of June 30, 2025 and December 31, 2024, respectively. June 30, 2025December 31, 2024Accrued expenses and other liabilitiesAccrued payroll and other employee compensation$151.8 $147.8 Restructuring (see Note 4)6.0 10.4 Operating lease liabilities55.8 45.7 Product warranty30.2 27.5 Other 334.7 381.2 Total$578.5 $612.6 Six months ended June 30, 2025Six months ended June 30, 2024Change in product warranty accrualBalance at the beginning of the period$27.5 $26.1 Provision charge to expense14.6 10.8 Paid/utilized(11.9)(11.4)Balance at the end of the period$30.2 $25.5 

(8) FINANCIAL INSTRUMENTS AND RISK MANAGEMENTIn accordance with Accounting Standards Codification ("ASC") 820, the Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. Observable inputs are from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about