Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v2.4.0.6
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]  
Schedule of potential amount of collateral required to recourse from third parties
The potential cash obligations associated with these customer financing arrangements as of December 31, 2012 and December 31, 2011 were:
 
Single Year Obligation
 
Maximum Obligation
(in millions)
2012
 
2011
 
2012
 
2011
Marine Engine
$
5.7

 
$
7.4

 
$
5.7

 
$
7.4

Boat
2.8

 
2.1

 
2.8

 
2.1

Fitness
25.6

 
27.5

 
30.9

 
31.3

Bowling & Billiards
1.0

 
2.5

 
1.6

 
4.6

Total
$
35.1

 
$
39.5

 
$
41.0

 
$
45.4

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 December 31, 2012 and December 31, 2011 were:
 
Single Year Obligation
 
Maximum Obligation
(in millions)
2012
 
2011
 
2012
 
2011
Marine Engine
$
1.7

 
$
1.3

 
$
1.7

 
$
1.3

Boat
83.2

 
83.8

 
103.2

 
103.8

Bowling & Billiards
0.4

 
0.3

 
0.4

 
0.3

Total
$
85.3

 
$
85.4

 
$
105.3

 
$
105.4

Product warranty liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the year ended December 31, 2012 and December 31, 2011:
(in millions)
2012
 
2011
Balance at beginning of period
$
129.9

 
$
145.8

Payments made
(70.5
)
 
(79.0
)
Provisions/additions for contracts issued/sold
62.3

 
61.5

Aggregate changes for preexisting warranties
(1.4
)
 
1.6

Warranty liability assumed from joint venture
7.4

 

Balance at end of period
$
127.7

 
$
129.9