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Warranties (Tables)
12 Months Ended
Dec. 31, 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):

 

 

 

Year Ended
December 31,

 

 

Three Months Ended
December 31,
(transition period)

 

 

Year Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

66.9

 

 

$

65.8

 

 

$

64.4

 

 

$

68.2

 

Deferred revenue for new service warranties

 

 

31.5

 

 

 

6.4

 

 

 

26.2

 

 

 

23.6

 

Amortization of deferred revenue

 

 

(21.7

)

 

 

(5.3

)

 

 

(25.0

)

 

 

(27.9

)

Foreign currency translation

 

 

(0.6

)

 

 

 

 

 

0.2

 

 

 

0.5

 

Balance at end of period

 

$

76.1

 

 

$

66.9

 

 

$

65.8

 

 

$

64.4

 

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

 

 

Year Ended
December 31,

 

 

Three Months Ended
December 31,
(transition period)

 

 

Year Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

65.7

 

 

$

69.0

 

 

$

67.4

 

 

$

65.1

 

Warranty provisions

 

 

49.3

 

 

 

10.8

 

 

 

50.1

 

 

 

43.1

 

Settlements made

 

 

(57.7

)

 

 

(14.6

)

 

 

(65.0

)

 

 

(55.9

)

Changes in liability for pre-existing warranties, net

 

 

1.5

 

 

 

0.5

 

 

 

16.2

 

 

 

14.8

 

Foreign currency translation

 

 

(0.2

)

 

 

 

 

 

 

 

 

0.3

 

Acquisition

 

 

0.2

 

 

 

 

 

 

0.3

 

 

 

 

Balance at end of period

 

$

58.8

 

 

$

65.7

 

 

$

69.0

 

 

$

67.4