Warranties

12 Months Ended

Oct. 31, 2020

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 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:

	Fiscal Year Ended
	October 31, 2020			October 31, 2019
Balance at beginning of year	$	22.6		$	30.8
Warranty provisions		38.0			20.8
Settlements made		(35.1	)		(29.0	)
Acquired business		12.2			—
Divested businesses		(0.7	)		—
Balance at end of year	$	37.0		$	22.6

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

	October 31, 2020		October 31, 2019
Current liabilities	$	24.1	$	16.1
Other long-term liabilities		12.9		6.5
Total warranty liability	$	37.0	$	22.6