Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Product Warranty Liabilities

The following activity related to product warranty liabilities was recorded in Accrued expenses during the years ended December 31, 2020 and December 31, 2019:

(in millions)	2020		2019
Balance at beginning of period	$	117.6	$	116.8
Payments - Recurring	(53.5)		(59.2)
Payments - Sport Yacht & Yachts and Fitness businesses	(6.2)		(12.5)
Provisions/additions for contracts issued/sold	58.0		59.0
Aggregate changes for preexisting warranties	0.9		7.6
Foreign currency translation	0.9		0.0
Other (A)	(1.8)		5.9
Balance at end of period	$	115.9	$	117.6

(A) The Company retained a $5.9 million warranty liability from the sale of its Fitness business in 2019. The warranty liability pertains to product field campaigns for certain Cybex products designed prior to the Cybex acquisition. The Company recorded $(1.8) million of adjustments as of December 31, 2020.

Extended Product Warranty Liabilities

The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the years ended December 31, 2020 and December 31, 2019:

(in millions)	2020		2019
Balance at beginning of period	$	75.3	$	66.4
Extended warranty contracts sold	29.5		24.3
Revenue recognized on existing extended warranty contracts	(17.3)		(15.2)
Foreign currency translation	0.2		0.2
Other	(0.3)		(0.4)
Balance at end of period	$	87.4	$	75.3