Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 28, 2020
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended March 28, 2020 and March 30, 2019:
(in millions)
March 28, 2020
 
March 30, 2019
Balance at beginning of period
$
117.6

 
$
116.8

Payments - Recurring
(11.6
)
 
(12.8
)
Payments - Sport Yacht and Yachts and Fitness businesses
(1.7
)
 
(4.0
)
Provisions/additions for contracts issued/sold
13.8

 
15.1

Aggregate changes for preexisting warranties
(1.3
)
 
0.3

Foreign currency translation
(0.8
)
 
0.0

Balance at end of period
$
116.0

 
$
115.4



Extended Product Warranty Liabilities
The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the three months ended March 28, 2020 and March 30, 2019:
(in millions)
March 28,
2020
 
March 30,
2019
Balance at beginning of period
$
75.3

 
$
66.4

Extended warranty contracts sold
5.7

 
5.4

Revenue recognized on existing extended warranty contracts
(3.9
)
 
(3.5
)
Foreign currency translation
(0.4
)
 
0.0

Other
(0.1
)
 
(0.1
)
Balance at end of period
$
76.6

 
$
68.2