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Warranties (Tables)
3 Months Ended
Mar. 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):

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Balance at beginning of period

 

$

66.9

 

 

$

63.0

 

Deferred revenue for new service warranties

 

 

7.2

 

 

 

6.5

 

Amortization of deferred revenue

 

 

(4.8

)

 

 

(6.4

)

Foreign currency translation

 

 

(0.2

)

 

 

(0.2

)

Balance at end of period

 

$

69.1

 

 

$

62.9

 

 

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

 

 

Three Months Ended

March 31,

 

 

 

2022

 

 

2021

 

Balance at beginning of period

 

$

65.7

 

 

$

64.6

 

Warranty provisions

 

 

11.1

 

 

 

10.3

 

Settlements made

 

 

(13.6

)

 

 

(17.0

)

Changes in liability for pre-existing warranties, net

 

 

(1.6

)

 

 

5.9

 

Foreign currency translation

 

 

 

 

 

(0.1

)

Acquisition

 

 

 

 

 

0.3

 

Balance at end of period

 

$

61.6

 

 

$

64.0