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Product Warranty Reserves
12 Months Ended
Dec. 31, 2024
Product Warranties Disclosures [Abstract]  
Product Warranty Reserves Product Warranty Reserves
The Company warrants its products against manufacturing defects and performance to specified standards. The warranty period and performance standards vary by product but generally range from three months to two years or up to a specified number of hours of operation. The Company estimates the costs that may be incurred under its warranties and records a liability at the time product sales are recorded. The warranty liability is primarily based on historical claim rates, nature of claims and the associated costs.

Changes in the Company's product warranty liability during 2024, 2023 and 2022 are as follows:

(in millions)202420232022
Reserve balance, January 1$16.5 $11.9 $10.5 
Warranty liabilities accrued18.6 17.6 12.6 
Warranty liabilities settled(18.9)(13.1)(11.1)
Other(0.1)0.1 (0.1)
Reserve balance, December 31$16.1 $16.5 $11.9