Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 78

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 equivalents, and restricted cashCash and cash equivalents$1,396.0 $1,227.6 Restricted cash included in other current assets(1)48.2 4.6 Total cash, cash equivalents, and restricted cash$1,444.2 $1,232.2 (1)    Restricted cash primarily relates to funds held in escrow related to the Acquisition. Refer to "Note 3 - Acquisition" for additional information.September 30, 2025December 31, 2024InventoriesFinished products$553.0 $400.8 Raw materials669.2 564.7 Work in process214.9 278.9 Total inventories$1,437.1 $1,244.4 

12

September 30, 2025December 31, 2024Property, plant and equipment, net(1)Machinery and equipment$693.7 $570.1 Buildings398.1 362.1 Land41.6 39.4 Construction in progress95.1 87.5 Property, plant and equipment, at cost1,228.5 1,059.1 Less: Accumulated depreciation(530.5)(434.0)Property, plant and equipment, net$698.0 $625.1 (1)    Property, plant and equipment, net in the United States was $163.0 and $148.8 as of September 30, 2025 and December 31, 2024, respectively. September 30, 2025December 31, 2024Accrued expenses and other liabilitiesAccrued payroll and other employee compensation$167.3 $147.8 Restructuring (see Note 5)32.9 10.4 Operating lease liabilities64.0 45.7 Product warranty35.1 27.5 Other 382.1 381.2 Total$681.4 $612.6 Nine months ended September 30, 2025Nine months ended September 30, 2024Change in product warranty accrualBalance at the beginning of the period$27.5 $26.1 Provision charge to expense24.7 18.8 Paid/utilized(17.1)(17.6)Balance at the end of the period$35.1 $