Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v2.4.0.8
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 27, 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 September 27, 2014, December 31, 2013 and September 28, 2013 were:
 
Single Year Obligation
 
Maximum Obligation
(in millions)
September 27,
2014
 
December 31,
2013
 
September 28,
2013
 
September 27,
2014
 
December 31,
2013
 
September 28,
2013
Marine Engine
$
2.9

 
$
8.8

 
$
5.3

 
$
2.9

 
$
8.8

 
$
5.3

Boat
3.1

 
3.1

 
2.1

 
3.1

 
3.1

 
2.1

Fitness
28.0

 
24.4

 
27.2

 
31.0

 
28.9

 
32.4

Total
$
34.0

 
$
36.3

 
$
34.6

 
$
37.0

 
$
40.8

 
$
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 September 27, 2014, December 31, 2013 and September 28, 2013 were:
 
Single Year Obligation
 
Maximum Obligation
(in millions)
September 27,
2014
 
December 31,
2013
 
September 28,
2013
 
September 27,
2014
 
December 31,
2013
 
September 28,
2013
Marine Engine
$
1.5

 
$
2.2

 
$
2.1

 
$
1.5

 
$
2.2

 
$
2.1

Boat
53.7

 
62.5

 
61.7

 
53.7

 
62.5

 
61.7

Fitness
0.2

 
0.3

 
0.2

 
0.2

 
0.3

 
0.2

Total
$
55.4

 
$
65.0

 
$
64.0

 
$
55.4

 
$
65.0

 
$
64.0

Product warranty liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the nine months ended September 27, 2014 and September 28, 2013:
(in millions)
September 27,
2014
 
September 28,
2013
Balance at beginning of period
$
119.6

 
$
126.2

Payments made
(41.9
)
 
(47.8
)
Provisions/additions for contracts issued/sold
35.1

 
42.6

Aggregate changes for preexisting warranties
(4.9
)
 
(2.8
)
Warranty liability retained from discontinued operations

 
3.0

Balance at end of period
$
107.9

 
$
121.2