Vertiv Holdings Co
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
VRT$200.47+9.6%Stored close · as of Nov 9, 2026
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11: Other financial information
Items reported in earnings include the following:
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Engineering, research and development expense | 352.1 | $303.5 | $282.0 |
| Depreciation expense | 81.6 | 74.3 | 72.0 |
| Advertising expense | 19.4 | 20.1 | 20.6 |
Items reported in accrued expenses and other liabilities include the following:
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Accrued payroll and other employee compensation | $147.8 | $165.4 |
| Restructuring (see Note 4) | 10.4 | 25.2 |
| Operating lease liabilities (see Note 7) | 45.7 | 42.9 |
| Product warranty (see Note 1) | 27.5 | 26.1 |
| Other | 381.2 | 352.2 |
| Total | $612.6 | $611.8 |
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