Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.8.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017 and December 31, 2016:
(in millions)
2017
 
2016
Balance at beginning of period
$
100.2

 
$
93.3

Payments made
(57.9
)
 
(55.9
)
Provisions/additions for contracts issued/sold
62.3

 
63.6

Aggregate changes for preexisting warranties
5.5

 
(9.8
)
Foreign currency translation
1.8

 
(0.4
)
Acquisitions
—

 
7.1

Other
(0.6
)
 
2.3

Balance at end of period
$
111.3

 
$
100.2

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, 2017 and December 31, 2016:
(in millions)
2017
 
2016
Balance at beginning of period
$
90.6

 
$
78.3

Extended warranty contracts sold
51.8

 
39.7

Revenue recognized on existing extended warranty contracts
(31.1
)
 
(29.3
)
Foreign currency translation
0.8

 
(0.7
)
Acquisitions
—

 
2.6

Balance at end of period
$
112.1

 
$
90.6