Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v2.4.1.9
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Schedule of potential cash obligations associated with recourse arrangements
The potential cash obligations associated with these customer financing arrangements as of December 31, 2014 and December 31, 2013 were:
 
Single Year Obligation
 
Maximum Obligation
(in millions)
2014
 
2013
 
2014
 
2013
Marine Engine
$
2.6

 
$
8.8

 
$
2.6

 
$
8.8

Boat
3.7

 
3.1

 
3.7

 
3.1

Fitness
24.6

 
24.4

 
29.5

 
28.9

Total
$
30.9

 
$
36.3

 
$
35.8

 
$
40.8

Schedule of potential cash payments to third parties associated with repurchase exposure
The potential cash payments the Company could be required to make to repurchase collateral as of December 31, 2014 and December 31, 2013 were:
 
Single Year Obligation
 
Maximum Obligation
(in millions)
2014
 
2013
 
2014
 
2013
Marine Engine
$
1.5

 
$
2.2

 
$
1.5

 
$
2.2

Boat
54.9

 
62.5

 
54.9

 
62.5

Fitness
0.4

 
0.3

 
0.4

 
0.3

Total
$
56.8

 
$
65.0

 
$
56.8

 
$
65.0

Product warranty liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the years ended December 31, 2014 and December 31, 2013:
(in millions)
2014
 
2013
Balance at beginning of period
$
119.6

 
$
126.2

Payments made
(55.2
)
 
(63.1
)
Provisions/additions for contracts issued/sold
64.7

 
69.6

Aggregate changes for preexisting warranties
(18.5
)
 
(13.1
)
Balance at end of period
$
110.6

 
$
119.6