Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
 3 Months Ended
Apr. 02, 2022
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended April 2, 2022 and April 3, 2021:
(in millions) April 2, 2022 April 3, 2021
Balance at beginning of period $ 129.3  $ 115.9 
Payments - Recurring (14.3) (14.5)
Provisions/additions for contracts issued/sold 21.2  18.7 
Aggregate changes for preexisting warranties (0.7) 0.2 
Foreign currency translation —  (0.5)
Other (0.2) (1.9)
Balance at end of period $ 135.3  $ 117.9 
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 three months ended April 2, 2022 and April 3, 2021:
(in millions) April 2, 2022 April 3, 2021
Balance at beginning of period $ 99.5  $ 87.4 
Extended warranty contracts sold 7.8  7.2 
Revenue recognized on existing extended warranty contracts (5.5) (4.8)
Foreign currency translation 0.2  0.1 
Other (0.1) (0.1)
Balance at end of period $ 101.9  $ 89.8