Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.1
Commitments and Contingencies (Tables)
 3 Months Ended
Apr. 01, 2023
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 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 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 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