Vertiv Holdings Co
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
VRT$200.47+9.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. 2
(11)OTHER FINANCIAL INFORMATION
Items reported in earnings include the following:
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Research and development expense | $303.5 | $282.0 | $266.4 |
| Depreciation expense | 74.3 | 72.0 | 69.1 |
| Advertising expense | 20.1 | 20.6 | 26.0 |
Items reported in accrued expenses and other liabilities include the following:
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Accrued payroll and other employee compensation | $165.4 | $132.6 |
| Restructuring (see Note 4) | 25.2 | 15.4 |
| Operating lease liabilities (see Note 7) | 42.9 | 45.2 |
| Product warranty (see Note 1) | 26.1 | 25.6 |
| Other | 352.2 | 294.9 |
| Total | $611.8 | $513.7 |
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