Commitments and Contingencies (Tables)

3 Months Ended

Apr. 02, 2022

Commitments and Contingencies Disclosure [Abstract]

Product Warranty Liabilities

The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended April 2, 2022 and April 3, 2021:

(in millions)	April 2, 2022		April 3, 2021
Balance at beginning of period	$	129.3	$	115.9
Payments - Recurring	(14.3)		(14.5)
Provisions/additions for contracts issued/sold	21.2		18.7
Aggregate changes for preexisting warranties	(0.7)		0.2
Foreign currency translation	—		(0.5)
Other	(0.2)		(1.9)
Balance at end of period	$	135.3	$	117.9

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 three months ended April 2, 2022 and April 3, 2021:

(in millions)	April 2, 2022		April 3, 2021
Balance at beginning of period	$	99.5	$	87.4
Extended warranty contracts sold	7.8		7.2
Revenue recognized on existing extended warranty contracts	(5.5)		(4.8)
Foreign currency translation	0.2		0.1
Other	(0.1)		(0.1)
Balance at end of period	$	101.9	$	89.8