Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.6.0.2
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2016
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, 2016 and December 31, 2015:
(in millions)
2016
 
2015
Balance at beginning of period
$
106.3

 
$
110.6

Payments made
(67.3
)
 
(59.1
)
Provisions/additions for contracts issued/sold
74.9

 
67.8

Aggregate changes for preexisting warranties
(10.4
)
 
(9.6
)
Foreign currency translation
(0.3
)
 
(3.4
)
Acquisitions
7.1

 
—

Other
2.3

 
—

Balance at end of period
$
112.6

 
$
106.3

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, 2016 and December 31, 2015:
(in millions)
2016
 
2015
Balance at beginning of period
$
78.3

 
$
72.5

Extended warranty contracts sold
55.0

 
45.5

Revenue recognized on existing extended warranty contracts
(42.0
)
 
(38.3
)
Foreign currency translation
(0.7
)
 
(1.4
)
Balance at end of period
$
90.6

 
$
78.3