Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

v3.23.1
Commitments and Contingencies
 3 Months Ended
Apr. 01, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Product Warranties

The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended April 1, 2023 and April 2, 2022:
(in millions) April 1, 2023 April 2, 2022
Balance at beginning of period $ 146.7  $ 129.3 
Payments (19.4) (14.3)
Provisions/additions for contracts issued/sold 25.2  21.2 
Aggregate changes for preexisting warranties 0.3  (0.7)
Foreign currency translation 0.3  — 
Other 1.3  (0.2)
Balance at end of period $ 154.4  $ 135.3 

Extended Product Warranties

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 April 1, 2023 and April 2, 2022:
(in millions) April 1, 2023 April 2, 2022
Balance at beginning of period $ 112.5  $ 99.5 
Extended warranty contracts sold 8.9  7.8 
Revenue recognized on existing extended warranty contracts (6.3) (5.5)
Foreign currency translation —  0.2 
Other (0.1) (0.1)
Balance at end of period $ 115.0  $ 101.9