Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.2
Commitments and Contingencies (Tables)
 9 Months Ended
Oct. 02, 2021
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the nine months ended October 2, 2021 and September 26, 2020:
(in millions) October 2,
2021		 September 26, 2020
Balance at beginning of period $ 115.9  $ 117.6 
Payments - recurring (48.2) (37.6)
(Payments)/Provisions - Sport Yacht and Yachts and Fitness businesses (2.6) (4.4)
Provisions/additions for contracts issued/sold 57.9  41.2 
Aggregate changes for preexisting warranties (2.8) (2.0)
Foreign currency translation (0.7) (0.1)
Acquisitions 1.3  — 
Other (1.7) (1.8)
Balance at end of period $ 119.1  $ 112.9 
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 nine months ended October 2, 2021 and September 26, 2020:
(in millions) October 2,
2021		 September 26,
2020
Balance at beginning of period $ 87.4  $ 75.3 
Extended warranty contracts sold 27.1  23.7 
Revenue recognized on existing extended warranty contracts (14.9) (12.5)
Foreign currency translation 0.1  (0.1)
Other (0.2) (0.2)
Balance at end of period $ 99.5  $ 86.2