Product Support Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Product Warranties Disclosures [Abstract]

Changes in Product Support Liabilities, Warranty Reserves

WARRANTY RESERVES	2024			2023			2022
Balance at January 1	$	767.0		$	437.7		$	344.3
Cost accruals		616.2			739.2			386.1
Payments		(917.8	)		(632.4	)		(398.7	)
Change in estimates for pre-existing warranties		163.2			211.9			111.5
Currency translation and other		(22.5	)		10.6			(5.5	)
Balance at December 31	$	606.1		$	767.0		$	437.7

Changes in Deferred Revenues on Extended Warranties and R&M Contracts

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS		2024			2023			2022
Balance at January 1	$	1,229.1		$	904.9		$	775.2
Deferred revenues		701.1			812.4			629.1
Revenues recognized		(591.8	)		(507.8	)		(476.1	)
Currency translation		(36.2	)		19.6			(23.3	)
Balance at December 31	$	1,302.2		$	1,229.1		$	904.9

Product Support Liabilities

Product support liabilities are included in the accompanying Consolidated Balance Sheets as follows:

	WARRANTY RESERVES				DEFERRED REVENUES
At December 31,		2024		2023		2024		2023
Truck, Parts and Other:
Accounts payable, accrued expenses and other	$	354.3	$	513.6	$	388.7	$	354.2
Other liabilities		251.8		253.4		901.9		861.4
Financial Services:
Accounts payable, accrued expenses and other						3.9		5.3
Deferred taxes and other liabilities						7.7		8.2
	$	606.1	$	767.0	$	1,302.2	$	1,229.1