Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the nine months ended September 30, 2023 and October 1, 2022:
(in millions) Sep 30, 2023 Oct 1, 2022
Balance at beginning of period $ 146.7  $ 129.3 
Payments (65.5) (47.3)
Provisions/additions for contracts issued/sold 67.7  62.5 
Aggregate changes for preexisting warranties 8.6  (3.0)
Foreign currency translation (0.3) (3.0)
Other 1.2  (0.4)
Balance at end of period $ 158.4  $ 138.1 
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 nine months ended September 30, 2023 and October 1, 2022:
(in millions) Sep 30, 2023 Oct 1, 2022
Balance at beginning of period $ 112.5  $ 99.5 
Extended warranty contracts sold 34.1  29.8 
Revenue recognized on existing extended warranty contracts (19.7) (16.6)
Foreign currency translation —  (0.5)
Other (0.3) (0.5)
Balance at end of period $ 126.6  $ 111.7