Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.2.2
Commitments and Contingencies (Tables)
 9 Months Ended
Oct. 01, 2022
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 October 1, 2022 and October 2, 2021:
(in millions) October 1, 2022 October 2, 2021
Balance at beginning of period $ 129.3  $ 115.9 
Payments (47.3) (48.2)
Provisions/additions for contracts issued/sold 62.5  57.9 
Aggregate changes for preexisting warranties (3.0) (2.8)
Foreign currency translation (3.0) (0.7)
Acquisitions —  1.3 
Other (0.4) (4.3)
Balance at end of period $ 138.1  $ 119.1 
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 October 1, 2022 and October 2, 2021:
(in millions) October 1, 2022 October 2, 2021
Balance at beginning of period $ 99.5  $ 87.4 
Extended warranty contracts sold 29.8  27.1 
Revenue recognized on existing extended warranty contracts (16.6) (14.9)
Foreign currency translation (0.5) 0.1 
Other (0.5) (0.2)
Balance at end of period $ 111.7  $ 99.5