Commitments and Contingencies (Tables)

6 Months Ended

Jul. 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 six months ended July 2, 2022 and July 3, 2021:

(in millions)	July 2, 2022		July 3, 2021
Balance at beginning of period	$	129.3	$	115.9
Payments - Recurring	(29.2)		(31.1)
Provisions/additions for contracts issued/sold	41.1		37.8
Aggregate changes for preexisting warranties	(0.2)		(1.8)
Foreign currency translation	(1.3)		(0.2)
Other	(0.9)		(2.9)
Balance at end of period	$	138.8	$	117.7

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 six months ended July 2, 2022 and July 3, 2021:

(in millions)	July 2, 2022		July 3, 2021
Balance at beginning of period	$	99.5	$	87.4
Extended warranty contracts sold	20.1		18.7
Revenue recognized on existing extended warranty contracts	(11.0)		(9.7)
Foreign currency translation	—		0.3
Other	(0.3)		(0.3)
Balance at end of period	$	108.3	$	96.4