Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 29, 2019
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 June 29, 2019 and June 30, 2018:
(in millions)
June 29,
2019
 
June 30,
2018
Balance at beginning of period
$
116.8

 
$
101.7

Payments made
(35.0
)
 
(27.6
)
Provisions/additions for contracts issued/sold
32.1

 
32.0

Aggregate changes for preexisting warranties
1.0

 
6.0

Foreign Currency Translation
0.2

 
(0.7
)
Warranty liability retained from discontinued operations (A)
7.1

 
—

Other
0.1

 
0.3

Balance at end of period
$
122.3

 
$
111.7



(A) The Company retained a $7.1 million warranty liability from the sale of its Fitness business. The warranty liability pertains to product field campaigns for certain Cybex products designed prior to the Cybex 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 six months ended June 29, 2019 and June 30, 2018:
(in millions)
June 29,
2019
 
June 30,
2018
Balance at beginning of period
$
66.4

 
$
56.9

Extended warranty contracts sold
13.9

 
13.0

Revenue recognized on existing extended warranty contracts
(7.3
)
 
(5.8
)
Foreign currency translation
0.2

 
(0.2
)
Other
(0.1
)
 
(0.1
)
Balance at end of period
$
73.1

 
$
63.8