Commitments and Contingencies (Tables)

9 Months Ended

Sep. 28, 2024

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 September 28, 2024 and September 30, 2023:

(in millions)	September 28, 2024		September 30, 2023
Balance at beginning of period	$	157.6	$	146.7
Payments	(78.0)		(65.5)
Provisions/additions for contracts issued/sold	59.0		67.7
Aggregate changes for preexisting warranties	10.6		8.6
Foreign currency translation	—		(0.3)
Other	(3.0)		1.2
Balance at end of period	$	146.2	$	158.4

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 nine months ended September 28, 2024 and September 30, 2023:

(in millions)	September 28, 2024		September 30, 2023
Balance at beginning of period	$	127.2	$	112.5
Extended warranty contracts sold	34.5		34.1
Revenue recognized on existing extended warranty contracts	(22.8)		(19.7)
Foreign currency translation	(0.2)		—
Other	(0.2)		(0.3)
Balance at end of period	$	138.5	$	126.6