Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):

	Fair Value Measurements as of June 30, 2020
Asset (Liability)	Total		Level 1		Level 2		Level 3
Non-qualified deferred compensation assets	$	47.7	$	47.7	$	—	$	—
Total assets at fair value	$	47.7	$	47.7	$	—	$	—
Non-qualified deferred compensation liabilities	$	(47.7)	$	(47.7)	$	—	$	—
Foreign exchange contracts, net	(2.9)		—		(2.9)		—
Interest rate contracts, net	(21.5)		—		(21.5)
Total liabilities at fair value	$	(72.1)	$	(47.7)	$	(24.4)	$	—
	Fair Value Measurements as of December 31, 2019
Asset (Liability)	Total		Level 1		Level 2		Level 3
Non-qualified deferred compensation assets	$	48.9	$	48.9	$	—	$	—
Total assets at fair value	$	48.9	$	48.9	$	—	$	—
Non-qualified deferred compensation liabilities	$	(48.9)	$	(48.9)	$	—	$	—
Foreign exchange contracts, net	(0.1)				(0.1)
Interest rate contracts, net	(8.0)		—		(8.0)		—
Total liabilities at fair value	$	(57.0)	$	(48.9)	$	(8.1)	$	—

Schedule of major components of inventories

The major components of inventories are as follows (in millions):

	June 30, 2020		December 31, 2019
Raw materials and purchased components	$	402.3	$	344.6
Service parts, garments and accessories	316.6		357.0
Finished goods	376.9		476.2
Less: reserves	(69.4)		(56.7)
Inventories	$	1,026.4	$	1,121.1

Schedule of activity in the warranty reserve

The activity in the warranty reserve during the periods presented was as follows (in millions):

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Balance at beginning of period	$	132.8	$	116.2	$	136.2	$	121.8
Additions to reserve related to acquisitions	—		8.8		—		8.8
Additions charged to expense	29.8		36.9		54.0		62.9
Warranty claims paid, net	(28.4)		(29.1)		(56.0)		(60.7)
Balance at end of period	$	134.2	$	132.8	$	134.2	$	132.8