Organization and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Activity in the limited warranty reserve

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

	For the Years Ended December 31,
	2024		2023		2022
Balance at beginning of year	$	181.1	$	172.9	$	132.9
Additions charged to expense	165.4		209.1		183.5
Warranty claims paid, net	(183.7)		(200.9)		(143.5)
Balance at end of year	$	162.8	$	181.1	$	172.9

Schedule of assets and liabilities measured at fair value on a recurring basis

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

	Input Level	December 31, 2024		December 31, 2023
Assets
Non-qualified deferred compensation assets	Level 1	$	50.1	$	46.7
Foreign currency contracts, net	Level 2	—		4.6
Interest rate contracts, net	Level 2	1.0		0.9
Liabilities
Non-qualified deferred compensation liabilities	Level 1	$	(50.1)	$	(46.7)
Commodity contracts, net	Level 2	(1.6)		(1.3)
Foreign currency contracts, net	Level 2	(0.9)		—

Schedule of activity in the warranty reserve

The activity in the deferred revenue reserve for ESCs during the periods presented was as follows (in millions):

	For the Years Ended December 31,
	2024		2023		2022
Balance at beginning of year	$	110.3	$	111.1	$	108.3
New contracts sold	50.0		49.1		49.1
Revenue recognized on existing contracts	(49.0)		(49.9)		(46.3)
Balance at end of year	$	111.3	$	110.3	$	111.1

The Company expects to recognize approximately $35.6 million of the unearned amount over the 12 months following December 31, 2024, compared to $35.3 million as of December 31, 2023. These amounts were recorded in accrued expenses in the consolidated balance sheets. The amount recorded in other long-term liabilities totaled $75.7 million and $75.0 million as of December 31, 2024 and 2023, respectively.