Product Support Liabilities (Tables)

3 Months Ended

Mar. 31, 2025

Product Warranties Disclosures [Abstract]

Changes in Product Support Liabilities, Warranty Reserves

Changes in product support liabilities are summarized as follows:

WARRANTY RESERVES	2025			2024
Balance at January 1	$	606.1		$	767.0
Cost accruals		199.5			181.3
Payments		(211.3	)		(220.8	)
Change in estimates for pre-existing warranties		19.2			41.8
Currency translation and other		8.9			(5.9	)
Balance at March 31	$	622.4		$	763.4

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

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS		2025			2024
Balance at January 1	$	1,302.2		$	1,229.1
Deferred revenues		172.7			177.7
Revenues recognized		(157.9	)		(141.4	)
Currency translation		26.5			(11.8	)
Balance at March 31	$	1,343.5		$	1,253.6