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Product Support Liabilities (Tables)
3 Months Ended
Mar. 31, 2019
Product Warranties Disclosures [Abstract]  
Changes in Product Support Liabilities, Warranty Reserves

WARRANTY RESERVES

2019

 

 

2018

 

Balance at January 1

$

380.2

 

 

$

298.8

 

Cost accruals

 

91.1

 

 

 

74.6

 

Payments

 

(78.6

)

 

 

(68.8

)

Change in estimates for pre-existing warranties

 

(4.5

)

 

 

10.8

 

Currency translation and other

 

(.3

)

 

 

6.2

 

Balance at March 31

$

387.9

 

 

$

321.6

 

 

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

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS

 

2019

 

 

 

2018

 

Balance at January 1

$

699.9

 

 

$

653.9

 

Deferred revenues

 

129.4

 

 

 

115.1

 

Revenues recognized

 

(96.9

)

 

 

(93.4

)

Currency translation

 

(3.1

)

 

 

10.4

 

Balance at March 31

$

729.3

 

 

$

686.0