Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.19.3.a.u2
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the years ended December 31, 2019 and December 31, 2018:
(in millions)
2019
 
2018
Balance at beginning of period
$
116.8

 
$
101.7

Payments - Recurring
(59.2
)
 
(57.0
)
Payments - Sport Yacht and Yachts
(12.5
)
 
(7.3
)
Provisions/additions for contracts issued/sold
59.0

 
61.5

Aggregate changes for preexisting warranties (A)
7.6

 
13.7

Warranty liability retained from discontinued operations (B)
5.9

 
—

Foreign currency translation
0.0

 
(1.2
)
Acquisitions
—

 
2.8

Other
—

 
2.6

Balance at end of period
$
117.6

 
$
116.8



(A) Includes $3.6 million and $10.7 million of warranty adjustments related to the wind-down of Sport Yacht and Yachts in 2019 and 2018, respectively.
(B) The Company retained a $5.9 million warranty liability from the sale of its Fitness business in 2019, which was included in Current liabilities held for sale in 2018.
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 years ended December 31, 2019 and December 31, 2018:
(in millions)
2019
 
2018
Balance at beginning of period
$
66.4

 
$
56.9

Extended warranty contracts sold
24.3

 
22.8

Revenue recognized on existing extended warranty contracts
(15.2
)
 
(12.8
)
Foreign currency translation
0.2

 
(0.2
)
Other
(0.4
)
 
(0.3
)
Balance at end of period
$
75.3

 
$
66.4