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Commitments and Contingencies (Tables)

9 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Changes in warranty liability

Changes in the Company’s warranty liability during the three and nine months ended June 30, 2024 and 2023 were as follows:

						Three Months Ended June 30,												Nine Months Ended June 30,
						2024						2023						2024						2023
						(In millions)
Warranty liability, beginning of period						$	544.6					$	474.7					$	512.4					$	454.3
Warranties issued						58.1						52.6						156.6						136.5
Changes in liability for pre-existing warranties						(4.9)						(1.7)						(12.5)						(4.5)
Settlements made						(30.2)						(32.2)						(88.9)						(92.9)
Warranty liability, end of period						$	567.6					$	493.4					$	567.6					$	493.4

Changes in legal claims reserves

Changes in the Company’s legal claims reserves during the nine months ended June 30, 2024 and 2023 were as follows:

			Nine Months Ended June 30,
			2024						2023
			(In millions)
Reserves for legal claims, beginning of period			$	858.9					$	729.1
Increase in reserves			112.1						101.8
Payments			(59.9)						(34.7)
Reserves for legal claims, end of period			$	911.1					$	796.2

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- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-3

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-8

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