Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.7.0.1
Commitments and Contingencies (Tables)
 6 Months Ended
Jul. 01, 2017
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the six months ended July 1, 2017 and July 2, 2016:
(in millions)
July 1,
2017
 
July 2,
2016
Balance at beginning of period
$
112.6

 
$
106.3

Payments made
(34.1
)
 
(28.4
)
Provisions/additions for contracts issued/sold
38.0

 
34.7

Aggregate changes for preexisting warranties
(0.3
)
 
(5.9
)
Foreign currency translation
1.0

 
0.8

Acquisitions
—

 
6.4

Other
(1.7
)
 
—

Balance at end of period
$
115.5

 
$
113.9

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 six months ended July 1, 2017 and July 2, 2016:
(in millions)
July 1,
2017
 
July 2,
2016
Balance at beginning of period
$
90.6

 
$
78.3

Extended warranty contracts sold
26.0

 
19.5

Revenue recognized on existing extended warranty contracts
(14.5
)
 
(13.7
)
Foreign currency translation
0.3

 
0.2

Acquisitions
—

 
2.0

Balance at end of period
$
102.4

 
$
86.3