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Commitments and Contingencies (Tables)
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Jul. 02, 2011
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| Commitments and Contingencies (Tables) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of potential amount of collateral required to recourse from third parties |
The Company has entered into guarantees of indebtedness of third parties, primarily in connection with customer financing programs. Under these arrangements, the Company has guaranteed customer obligations to the financial institutions in the event of customer default, generally subject to a maximum amount that is less than total obligations outstanding. The Company has also extended guarantees to third parties that have purchased customer receivables from Brunswick and, in certain instances, has guaranteed secured term financing of its customers. Potential payments in connection with these customer financing arrangements generally extend over several years. The potential cash payments associated with these customer financing arrangements as of July 2, 2011 and July 3, 2010, were:
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| Schedule of potential cash payments to third parties associated with repurchase exposure |
The Company has also entered into arrangements with third-party lenders where it has agreed, in the event of a default by the customer, to repurchase from the third-party lender those Brunswick products repossessed from the customer. These arrangements are typically subject to a maximum repurchase amount. The potential amount of cash payments the Company could be required to make to repurchase collateral as of July 2, 2011 and July 3, 2010, was:
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| Product Warranty Liabilities |
The following activity related to product warranty liabilities was recorded in Accrued expenses during the six months ended July 2, 2011 and July 3, 2010:
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