Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

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Commitments and Contingencies
 9 Months Ended
Sep. 29, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies

In the third quarter of 2018, the Company recorded a $3.8 million charge within Selling, general and administrative expense related to a contract dispute following a customer’s failure to honor purchase commitments. The Company filed an arbitration claim against the customer for breach of contract and believes it has a meritorious position in the dispute, but has not yet recorded an offsetting receivable in the financial statements.

There were no material changes during the three months and nine months ended September 29, 2018 to the financial commitments or the legal and environmental commitments that were discussed in Note 13 in the Notes to Consolidated Financial Statements in the 2017 Form 10-K.

Product Warranties and Extended Warranties

The following activity related to product warranty liabilities was recorded in Accrued expenses during the nine months ended September 29, 2018 and September 30, 2017:
(in millions)
September 29,
2018
 
September 30,
2017
Balance at beginning of period
$
127.2

 
$
112.6

Payments made
(60.2
)
 
(53.5
)
Provisions/additions for contracts issued/sold
59.1

 
54.8

Aggregate changes for preexisting warranties
8.9

 
(1.1
)
Foreign currency translation
(0.8
)
 
2.3

Acquisitions
2.6

 
—

Other
0.4

 
(1.3
)
Balance at end of period
$
137.2

 
$
113.8



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 September 29, 2018 and September 30, 2017:
(in millions)
September 29,
2018
 
September 30,
2017
Balance at beginning of period
$
112.1

 
$
90.6

Extended warranty contracts sold
43.3

 
39.3

Revenue recognized on existing extended warranty contracts
(25.4
)
 
(23.8
)
Foreign currency translation
(0.7
)
 
1.1

Balance at end of period
$
129.3

 
$
107.2