Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.22.4
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the years ended December 31, 2022 and December 31, 2021:
(in millions) 2022 2021
Balance at beginning of period $ 129.3  $ 115.9 
Payments (63.1) (64.9)
Provisions/additions for contracts issued/sold 82.7  80.4 
Aggregate changes for preexisting warranties (0.7) (2.6)
Foreign currency translation (1.2) (1.2)
Acquisitions   9.1 
Other (0.3) (7.4)
Balance at end of period $ 146.7  $ 129.3 
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 years ended December 31, 2022 and December 31, 2021:
(in millions) 2022 2021
Balance at beginning of period $ 99.5  $ 87.4 
Extended warranty contracts sold 37.0  32.7 
Revenue recognized on existing extended warranty contracts (23.2) (20.2)
Foreign currency translation (0.4) — 
Other (0.4) (0.4)
Balance at end of period $ 112.5  $ 99.5