Commitments and Contingencies (Tables)

3 Months Ended

Mar. 30, 2024

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 March 30, 2024 and April 1, 2023:

(in millions)	March 30, 2024		April 1, 2023
Balance at beginning of period	$	157.6	$	146.7
Payments	(23.5)		(19.4)
Provisions/additions for contracts issued/sold	18.4		25.2
Aggregate changes for preexisting warranties	(0.1)		0.3
Foreign currency translation	(0.8)		0.3
Other	(1.7)		1.3
Balance at end of period	$	149.9	$	154.4

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 March 30, 2024 and April 1, 2023:

(in millions)	March 30, 2024		April 1, 2023
Balance at beginning of period	$	127.2	$	112.5
Extended warranty contracts sold	9.6		8.9
Revenue recognized on existing extended warranty contracts	(7.3)		(6.3)
Foreign currency translation	(0.2)		—
Other	(0.1)		(0.1)
Balance at end of period	$	129.2	$	115.0