Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 and December 31, 2020:

(in millions)	2021		2020
Balance at beginning of period	$	115.9	$	117.6
Payments - recurring	(64.9)		(53.5)
(Payments)/Provisions - Sport Yacht & Yachts and Fitness businesses	(6.0)		(6.2)
Provisions/additions for contracts issued/sold	80.4		58.0
Aggregate changes for preexisting warranties	(2.6)		0.9
Foreign currency translation	(1.2)		0.9
Acquisitions	9.1		—
Other	(1.4)		(1.8)
Balance at end of period	$	129.3	$	115.9

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, 2021 and December 31, 2020:

(in millions)	2021		2020
Balance at beginning of period	$	87.4	$	75.3
Extended warranty contracts sold	32.7		29.5
Revenue recognized on existing extended warranty contracts	(20.2)		(17.3)
Foreign currency translation	—		0.2
Other	(0.4)		(0.3)
Balance at end of period	$	99.5	$	87.4