Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jul. 03, 2021
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 July 3, 2021 and June 27, 2020:
(in millions) July 3, 2021 June 27, 2020
Balance at beginning of period $ 115.9  $ 117.6 
Payments - Recurring (31.1) (22.5)
(Payments)/Provisions - Sport Yacht and Yachts and Fitness businesses (1.7) (2.8)
Provisions/additions for contracts issued/sold 37.8  25.2 
Aggregate changes for preexisting warranties (1.8) (2.5)
Foreign currency translation (0.2) (0.6)
Other (1.2) — 
Balance at end of period $ 117.7  $ 114.4 
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 July 3, 2021 and June 27, 2020:
(in millions) July 3,
2021		 June 27,
2020
Balance at beginning of period $ 87.4  $ 75.3 
Extended warranty contracts sold 18.7  15.3 
Revenue recognized on existing extended warranty contracts (9.7) (8.1)
Foreign currency translation 0.3  (0.3)
Other (0.3) (0.1)
Balance at end of period $ 96.4  $ 82.1