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Product Warranty (Tables)
3 Months Ended
Mar. 31, 2020
Product Warranties Disclosures [Abstract]  
Schedule of Warranty Reserve Activity

The warranty reserve activity for the three months ended March 31, 2020 and 2019 consisted of the following (in millions):
 
Three Months Ended March 31,
 
2020
 
2019
Balance at beginning of period
$
392.8

 
$
360.9

Accruals for warranties issued during the period
56.3

 
51.1

Settlements made (in cash or in kind) during the period
(49.4
)
 
(47.4
)
Foreign currency translation
(15.1
)
 
(3.3
)
Balance at March 31
$
384.6

 
$
361.3