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Product Support Liabilities (Tables)
3 Months Ended
Mar. 31, 2023
Product Warranties Disclosures [Abstract]  
Changes in Product Support Liabilities, Warranty Reserves

WARRANTY RESERVES

2023

 

 

2022

 

Balance at January 1

$

437.7

 

 

$

344.3

 

Cost accruals

 

163.8

 

 

 

73.6

 

Payments

 

(134.3

)

 

 

(88.2

)

Change in estimates for pre-existing warranties

 

53.1

 

 

 

23.1

 

Currency translation and other

 

3.3

 

 

 

(3.0

)

Balance at March 31

$

523.6

 

 

$

349.8

 

 

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

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS

 

2023

 

 

 

2022

 

Balance at January 1

$

904.9

 

 

$

775.2

 

Deferred revenues

 

208.6

 

 

 

146.1

 

Revenues recognized

 

(119.3

)

 

 

(119.3

)

Currency translation

 

7.0

 

 

 

(9.1

)

Balance at March 31

$

1,001.2

 

 

$

792.9