Commitments and Contingencies (Tables)

6 Months Ended

Jun. 29, 2024

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 June 29, 2024 and July 1, 2023:

(in millions)	June 29, 2024		July 1, 2023
Balance at beginning of period	$	157.6	$	146.7
Payments	(49.3)		(40.2)
Provisions/additions for contracts issued/sold	44.2		45.9
Aggregate changes for preexisting warranties	3.7		2.7
Foreign currency translation	(1.0)		0.5
Other	(2.9)		1.4
Balance at end of period	$	152.3	$	157.0

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 June 29, 2024 and July 1, 2023:

(in millions)	June 29, 2024		July 1, 2023
Balance at beginning of period	$	127.2	$	112.5
Extended warranty contracts sold	23.8		22.6
Revenue recognized on existing extended warranty contracts	(14.8)		(12.8)
Foreign currency translation	(0.3)		0.2
Other	(0.3)		(0.2)
Balance at end of period	$	135.6	$	122.3