Guarantee Arrangements (Tables)

6 Months Ended

Jun. 30, 2022

Non-Contingent Portion

Schedule of Provision for Losses on Customer Guarantees

Changes in the non-contingent portion of the Company’s guarantee liabilities were as follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Balance at beginning of period	$	10.1		$	13.8		$	12.1		$	14.7
Provision for new credit guarantees		1.0			0.7			2.0			1.1
Changes for pre-existing guarantees, net		1.4			(0.2	)		(1.1	)		(0.6	)
Amortization of previous guarantees		(0.3	)		(0.4	)		(0.8	)		(1.3	)
Foreign currency translation		(0.1	)		(0.1	)		(0.1	)		(0.1	)
Balance at end of period	$	12.1		$	13.8		$	12.1		$	13.8

Contingent Portion

Schedule of Provision for Losses on Customer Guarantees

Changes in the contingent portion of the Company’s guarantee liabilities were as follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Balance at beginning of period	$	9.7		$	6.9		$	4.0		$	6.9
Provision for new credit guarantees		0.5			0.4			1.1			0.7
Changes in allowance for pre-existing guarantees, net		(3.2	)		(0.5	)		1.8			(0.8	)
Foreign currency translation		(0.3	)		—			(0.2	)		—
Balance at end of period	$	6.7		$	6.8		$	6.7		$	6.8