Commitments and Contingencies (Tables)

3 Months Ended

Apr. 01, 2023

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 1, 2023 and April 2, 2022:

(in millions)	April 1, 2023		April 2, 2022
Balance at beginning of period	$	146.7	$	129.3
Payments	(19.4)		(14.3)
Provisions/additions for contracts issued/sold	25.2		21.2
Aggregate changes for preexisting warranties	0.3		(0.7)
Foreign currency translation	0.3		—
Other	1.3		(0.2)
Balance at end of period	$	154.4	$	135.3

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 1, 2023 and April 2, 2022:

(in millions)	April 1, 2023		April 2, 2022
Balance at beginning of period	$	112.5	$	99.5
Extended warranty contracts sold	8.9		7.8
Revenue recognized on existing extended warranty contracts	(6.3)		(5.5)
Foreign currency translation	—		0.2
Other	(0.1)		(0.1)
Balance at end of period	$	115.0	$	101.9