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Product Support Liabilities (Tables)
6 Months Ended
Jun. 30, 2018
Product Warranties Disclosures [Abstract]  
Changes in Product Support Liabilities, Warranty Reserves

WARRANTY RESERVES

 

2018

 

 

2017

 

Balance at January 1

 

$

298.8

 

 

$

282.1

 

Cost accruals

 

 

156.0

 

 

 

102.7

 

Payments

 

 

(144.2

)

 

 

(121.6

)

Change in estimates for pre-existing warranties

 

 

19.9

 

 

 

2.6

 

Currency translation and other

 

 

(1.2

)

 

 

8.6

 

Balance at June 30

 

$

329.3

 

 

$

274.4

 

 

Changes in Product Support Liabilities, Deferred Revenues on Extended Warranties and R&M Contracts

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS

 

2018

 

 

2017

 

Balance at January 1

 

$

653.9

 

 

$

573.5

 

Deferred revenues

 

 

223.4

 

 

 

176.7

 

Revenues recognized

 

 

(187.6

)

 

 

(152.9

)

Currency translation

 

 

(9.4

)

 

 

22.8

 

Balance at June 30

 

$

680.3

 

 

$

620.1