XML 120 R46.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
COMMITMENTS AND GUARANTEES (Tables)
 12 Months Ended
Dec. 28, 2019
Commitments and Contingencies Disclosure [Abstract]  
Summary of Company's Future Commitments
The following is a summary of the Company’s future marketing commitments at December 28, 2019:
(Millions of Dollars)
Total
 
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
Marketing commitments
$
34.5

 
$
24.9

 
$
6.5

 
$
2.7

 
$
0.4

 
$
—

 
$
—
Summary of Guarantees The Company's financial guarantees at December 28, 2019 are as follows:
(Millions of Dollars)
Term
 
Maximum
Potential
Payment
 
Carrying
Amount of
Liability
Guarantees on the residual values of leased properties
One to five years
 
$
102.6

 
$
—

Standby letters of credit
Up to three years
 
154.4

 
—

Commercial customer financing arrangements
Up to six years
 
64.7

 
6.3

Total
 
 
$
321.7

 
$
6.3
Summary of Warranty Liability Activity
Following is a summary of the warranty liability activity for the years ended December 28, 2019, December 29, 2018, and December 30, 2017:
(Millions of Dollars)
2019
 
2018
 
2017
Balance beginning of period
$
102.1

 
$
108.5

 
$
103.4

Warranties and guarantees issued
128.1

 
110.4

 
105.3

Warranty payments and currency
(130.1
)
 
(116.8
)
 
(100.2
)
Balance end of period
$
100.1

 
$
102.1

 
$
108.5