Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 37

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
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 $27.3 

(9) 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 the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. These tiers include the following: Level 1 — inputs include observable unadjusted quoted prices in active markets for identical assets or liabilitiesLevel 2 — inputs include other than quoted prices in active markets that are either directly or indirectly observableLevel 3 — inputs include un