Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v2.4.0.8
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 28, 2014
Commitments and Contingencies Disclosure [Abstract]  
Schedule of potential cash obligations associated with recourse arrangements
The potential cash obligations associated with these customer financing arrangements as of June 28, 2014, December 31, 2013 and June 29, 2013 were:
 
Single Year Obligation
 
Maximum Obligation
(in millions)
June 28,
2014
 
December 31,
2013
 
June 29,
2013
 
June 28,
2014
 
December 31,
2013
 
June 29,
2013
Marine Engine
$
2.8

 
$
8.8

 
$
5.9

 
$
2.8

 
$
8.8

 
$
5.9

Boat
3.8

 
3.1

 
2.0

 
3.8

 
3.1

 
2.0

Fitness
26.5

 
24.4

 
26.0

 
30.0

 
28.9

 
30.6

Bowling & Billiards
0.3

 
0.5

 
0.8

 
0.5

 
0.9

 
1.3

Total
$
33.4

 
$
36.8

 
$
34.7

 
$
37.1

 
$
41.7

 
$
39.8

Schedule of potential cash payments to third parties associated with repurchase exposure
The potential cash payments the Company could be required to make to repurchase collateral as of June 28, 2014, December 31, 2013 and June 29, 2013 were:
 
Single Year Obligation
 
Maximum Obligation
(in millions)
June 28,
2014
 
December 31,
2013
 
June 29,
2013
 
June 28,
2014
 
December 31,
2013
 
June 29,
2013
Marine Engine
$
2.0

 
$
2.2

 
$
2.2

 
$
2.0

 
$
2.2

 
$
2.2

Boat
58.2

 
62.5

 
68.5

 
58.2

 
62.5

 
68.5

Bowling & Billiards
0.2

 
0.3

 
0.2

 
0.2

 
0.3

 
0.2

Total
$
60.4

 
$
65.0

 
$
70.9

 
$
60.4

 
$
65.0

 
$
70.9

Product warranty liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the six months ended June 28, 2014 and June 29, 2013:
(in millions)
June 28,
2014
 
June 29,
2013
Balance at beginning of period
$
120.8

 
$
127.7

Payments made
(24.7
)
 
(26.4
)
Provisions/additions for contracts issued/sold
23.9

 
23.5

Aggregate changes for preexisting warranties
(4.1
)
 
(2.0
)
Balance at end of period
$
115.9

 
$
122.8