Warranty

9 Months Ended

Oct. 01, 2021

Commitments and Contingencies Disclosure [Abstract]

Warranty

WARRANTY

The Company generally accrues estimated warranty costs at the time of sale. In general, manufactured products are warranted against defects in material and workmanship when properly used for their intended purpose, installed correctly and appropriately maintained. Warranty periods depend on the nature of the product and range from 90 days up to the life of the product. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor and in certain instances estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known.

The following is a rollforward of the Company’s accrued warranty liability ($ in millions):

Balance at December 31, 2020	$	12.4
Accruals for warranties issued during the year	12.1
Settlements made	(14.4)
Effect of foreign currency translation	(0.2)
Balance at October 1, 2021	$	9.9