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Warranties
 6 Months Ended
Apr. 30, 2024
Guarantees [Abstract]  
Warranties

Note 10. Warranties

The Company’s products generally carry explicit warranties that extend from several months to several years, based on terms that are generally accepted in the marketplace. Selected components (such as engines, transmissions, tires, etc.) included in the Company’s end products may include warranties from original equipment manufacturers (“OEM”). These OEM warranties are passed on to the end customer of the Company’s products, and the customer deals directly with the applicable OEM for any issues encountered on those components.

Changes in the Company’s warranty liability consisted of the following:

 

 

Six Months Ended
April 30,

 

 

 

2024

 

 

2023

 

Balance at beginning of period

 

$

39.1

 

 

$

31.9

 

Warranty provisions

 

 

19.1

 

 

 

16.6

 

Settlements made

 

 

(20.0

)

 

 

(15.9

)

Change in liability of pre-existing warranties

 

 

(1.1

)

 

 

—

 

Divestiture (Note 7)

 

 

(1.1

)

 

 

—

 

Balance at end of period

 

$

36.0

 

 

$

32.6

 

Accrued warranty is classified in the Company’s condensed unaudited consolidated balance sheets as follows:

 

 

April 30,
2024

 

 

October 31,
2023

 

Current liabilities

 

$

15.8

 

 

$

23.4

 

Other long-term liabilities

 

 

20.2

 

 

 

15.7

 

Total warranty liability

 

$

36.0

 

 

$

39.1