Product Warranty (Tables)

3 Months Ended

Mar. 31, 2022

Guarantees and Product Warranties [Abstract]

Schedule of Warranty Reserve Activity

The warranty reserve activity for the three months ended March 31, 2022 and 2021, including deferred revenue associated with the Company's extended warranties that have been sold, was as follows (in millions):

	Three Months Ended March 31,
	2022		2021
Balance at beginning of period	$	592.5	$	521.8
Accruals for warranties issued during the period	83.3		93.3
Settlements made (in cash or in kind) during the period	(57.7)		(55.3)
Foreign currency translation	(3.6)		(17.8)
Balance at March 31	$	614.5	$	542.0