Commitments and Contingencies (Tables)

9 Months Ended

Oct. 01, 2022

Commitments and Contingencies Disclosure [Abstract]

Product Warranty Liabilities

The following activity related to product warranty liabilities was recorded in Accrued expenses during the nine months ended October 1, 2022 and October 2, 2021:

(in millions)	October 1, 2022		October 2, 2021
Balance at beginning of period	$	129.3	$	115.9
Payments	(47.3)		(48.2)
Provisions/additions for contracts issued/sold	62.5		57.9
Aggregate changes for preexisting warranties	(3.0)		(2.8)
Foreign currency translation	(3.0)		(0.7)
Acquisitions	—		1.3
Other	(0.4)		(4.3)
Balance at end of period	$	138.1	$	119.1

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 nine months ended October 1, 2022 and October 2, 2021:

(in millions)	October 1, 2022		October 2, 2021
Balance at beginning of period	$	99.5	$	87.4
Extended warranty contracts sold	29.8		27.1
Revenue recognized on existing extended warranty contracts	(16.6)		(14.9)
Foreign currency translation	(0.5)		0.1
Other	(0.5)		(0.2)
Balance at end of period	$	111.7	$	99.5