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Product Support Liabilities (Tables)
9 Months Ended
Sep. 30, 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

 

442.8

 

 

 

462.2

 

Payments

 

(594.8

)

 

 

(679.5

)

Change in estimates for pre-existing warranties

 

105.6

 

 

 

103.6

 

Currency translation and other

 

24.3

 

 

 

2.7

 

Balance at September 30

$

584.0

 

 

$

656.0

 

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

 

543.5

 

 

 

535.0

 

Revenues recognized

 

(508.9

)

 

 

(444.4

)

Currency translation

 

75.9

 

 

 

10.1

 

Balance at September 30

$

1,412.7

 

 

$

1,329.8