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Warranties (Tables)
6 Months Ended
Jun. 30, 2022
Product Warranties Disclosures [Abstract]  
Schedule of Changes in Warranty Liability and Unearned Extended Warranty Premiums Changes in the Company’s service-type warranties were as follows (in millions):

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

Balance at beginning of period

 

$

66.9

 

 

$

63.0

 

Deferred revenue for new service warranties

 

 

14.8

 

 

 

14.2

 

Amortization of deferred revenue

 

 

(10.6

)

 

 

(12.6

)

Foreign currency translation

 

 

(0.5

)

 

 

(0.1

)

Balance at end of period

 

$

70.6

 

 

$

64.5

 

Changes in the Company’s assurance-type warranty liability were as follows (in millions):

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

Balance at beginning of period

 

$

65.7

 

 

$

64.6

 

Warranty provisions

 

 

24.9

 

 

 

21.9

 

Settlements made

 

 

(29.8

)

 

 

(34.3

)

Changes in liability for pre-existing warranties, net

 

 

0.3

 

 

 

17.5

 

Foreign currency translation

 

 

(0.3

)

 

 

(0.1

)

Acquisition

 

 

0.2

 

 

 

0.3

 

Balance at end of period

 

$

61.0

 

 

$

69.9