Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021 and December 31, 2020:
(in millions) 2021 2020
Balance at beginning of period $ 115.9  $ 117.6 
Payments - recurring (64.9) (53.5)
(Payments)/Provisions - Sport Yacht & Yachts and Fitness businesses (6.0) (6.2)
Provisions/additions for contracts issued/sold 80.4  58.0 
Aggregate changes for preexisting warranties (2.6) 0.9 
Foreign currency translation (1.2) 0.9 
Acquisitions 9.1  — 
Other (1.4) (1.8)
Balance at end of period $ 129.3  $ 115.9 
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 years ended December 31, 2021 and December 31, 2020:
(in millions) 2021 2020
Balance at beginning of period $ 87.4  $ 75.3 
Extended warranty contracts sold 32.7  29.5 
Revenue recognized on existing extended warranty contracts (20.2) (17.3)
Foreign currency translation   0.2 
Other (0.4) (0.3)
Balance at end of period $ 99.5  $ 87.4