Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.24.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023 and December 31, 2022:
(in millions) 2023 2022
Balance at beginning of period $ 146.7  $ 129.3 
Payments (92.4) (63.1)
Provisions/additions for contracts issued/sold 89.9  82.7 
Aggregate changes for preexisting warranties 9.3  (0.7)
Foreign currency translation 0.8  (1.2)
Acquisitions 0.3  — 
Other 3.0  (0.3)
Balance at end of period $ 157.6  $ 146.7 
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, 2023 and December 31, 2022:
(in millions) 2023 2022
Balance at beginning of period $ 112.5  $ 99.5 
Extended warranty contracts sold 41.8  37.0 
Revenue recognized on existing extended warranty contracts (26.9) (23.2)
Foreign currency translation 0.2  (0.4)
Other (0.4) (0.4)
Balance at end of period $ 127.2  $ 112.5