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Product Support Liabilities (Tables)
6 Months Ended
Jun. 30, 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

 

191.2

 

 

 

156.0

 

Payments

 

(170.2

)

 

 

(144.2

)

Change in estimates for pre-existing warranties

 

4.3

 

 

 

19.9

 

Currency translation and other

 

(.8

)

 

 

(1.2

)

Balance at June 30

$

404.7

 

 

$

329.3

 

 

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

 

251.3

 

 

 

223.4

 

Revenues recognized

 

(194.9

)

 

 

(187.6

)

Currency translation

 

(2.0

)

 

 

(9.4

)

Balance at June 30

$

754.3

 

 

$

680.3