Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

v3.19.1
Commitments and Contingencies
 3 Months Ended
Mar. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
 
There were no material changes during the three months ended March 30, 2019 to the financial commitments or the legal and environmental contingencies that were discussed in Note 14 in the Notes to Consolidated Financial Statements in the 2018 Form 10-K. 

Product Warranties

The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended March 30, 2019 and March 31, 2018:
(in millions)
March 30,
2019
 
March 31,
2018
Balance at beginning of period
$
141.9

 
$
127.2

Payments made
(23.4
)
 
(16.2
)
Provisions/additions for contracts issued/sold
18.9

 
19.0

Aggregate changes for preexisting warranties
0.1

 
(4.3
)
Foreign currency translation
(0.0
)
 
0.7

Other
0.5

 
(0.1
)
Balance at end of period
$
138.0

 
$
126.3



Extended Warranties

The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the three months ended March 30, 2019 and March 31, 2018:
(in millions)
March 30,
2019
 
March 31,
2018
Balance at beginning of period
$
133.1

 
$
112.1

Extended warranty contracts sold
16.8

 
12.9

Revenue recognized on existing extended warranty contracts
(14.1
)
 
(10.1
)
Foreign currency translation
0.1

 
0.5

Balance at end of period
$
135.9

 
$
115.4