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v3.23.1

Guarantee Arrangements (Tables) | 3 Months Ended
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Mar. 31, 2023
Non-Contingent Portion |
Guarantor Obligations [Line Items] |
Schedule of Provision for Losses on Customer Guarantees | Changes in the Company’s stand ready obligations (non-contingent) to perform under guarantees were as follows (in millions):
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Balance at beginning of period |  | $ | 12.2 |  |  | $ | 12.1 |
Provision for new credit guarantees |  |  | 0.8 |  |  |  | 1.0 |
Changes for pre-existing guarantees, net |  |  | — |  |  |  | (2.5 | )
Amortization of previous guarantees |  |  | (0.8 | ) |  |  | (0.5 | )
Balance at end of period |  | $ | 12.2 |  |  | $ | 10.1 |
Contingent Portion |
Guarantor Obligations [Line Items] |
Schedule of Provision for Losses on Customer Guarantees | Changes in the Company’s off-balance sheet credit loss exposure (contingent) related to its guarantees were as follows (in millions):
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Balance at beginning of period |  | $ | 6.3 |  |  | $ | 4.0 |
Provision for new credit guarantees |  |  | 0.5 |  |  |  | 0.6 |
Changes in allowance for pre-existing guarantees, net |  |  | (0.7 | ) |  |  | 5.0 |
Foreign currency translation |  |  | 0.1 |  |  |  | 0.1 |
Balance at end of period |  | $ | 6.2 |  |  | $ | 9.7 |

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