Guarantee Arrangements (Tables)

3 Months Ended

Mar. 31, 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 March 31,
	2022			2021
Balance at beginning of period	$	12.1		$	14.7
Provision for new credit guarantees		1.0			0.4
Changes for pre-existing guarantees, net		(2.5	)		(0.4	)
Amortization of previous guarantees		(0.5	)		(0.9	)
Balance at end of period	$	10.1		$	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 March 31,
	2022		2021
Balance at beginning of period	$	4.0	$	6.9
Provision for new credit guarantees		0.6		0.3
Changes in allowance for pre-existing guarantees, net		5.0		(0.3	)
Foreign currency translation		0.1		—
Balance at end of period	$	9.7	$	6.9