Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.10.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018 and December 31, 2017:
(in millions)
2018
 
2017
Balance at beginning of period
$
127.2

 
$
112.6

Payments made
(83.7
)
 
(72.1
)
Provisions/additions for contracts issued/sold
79.0

 
71.8

Aggregate changes for preexisting warranties (A)
15.4

 
14.3

Foreign currency translation
(1.4
)
 
1.8

Acquisitions
2.8

 
—

Other
2.6

 
(1.2
)
Balance at end of period
$
141.9

 
$
127.2



(A) Includes $10.7 million of warranty adjustments related to the wind-down of Sport Yacht and Yacht operations in 2018, and includes $8.4 million in 2017 related to field campaigns for certain Cybex products designed prior to the acquisition.

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, 2018 and December 31, 2017:
(in millions)
2018
 
2017
Balance at beginning of period
$
112.1

 
$
90.6

Extended warranty contracts sold
56.9

 
51.9

Revenue recognized on existing extended warranty contracts
(35.1
)
 
(31.2
)
Foreign currency translation
(0.8
)
 
0.8

Balance at end of period
$
133.1

 
$
112.1