Commitments and Contingencies

6 Months Ended

Jul. 01, 2023

Commitments and Contingencies Disclosure [Abstract]

Product Warranties

The following activity related to product warranty liabilities was recorded in Accrued expenses during the six months ended July 1, 2023 and July 2, 2022:


(in millions)	July 1, 2023		July 2, 2022
Balance at beginning of period	$	146.7	$	129.3
Payments	(40.2)		(29.2)

Provisions/additions for contracts issued/sold	45.9		41.1
Aggregate changes for preexisting warranties	2.7		(0.2)
Foreign currency translation	0.5		(1.3)


Other	1.4		(0.9)
Balance at end of period	$	157.0	$	138.8

Extended Product Warranties

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 1, 2023 and July 2, 2022:


(in millions)	July 1, 2023		July 2, 2022
Balance at beginning of period	$	112.5	$	99.5
Extended warranty contracts sold	22.6		20.1
Revenue recognized on existing extended warranty contracts	(12.8)		(11.0)
Foreign currency translation	0.2		—
Other	(0.2)		(0.3)
Balance at end of period	$	122.3	$	108.3