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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Summary of changes in the total warranty liabilities

Liabilities for estimated product warranty costs related to continuing operations are included in the following captions on the accompanying Consolidated Balance Sheets (in millions):

			As of September 30, 2022						As of December 31, 2021
Accrued expenses			$	39.8					$	37.2
Other liabilities			110.4						97.0
Total warranty liability			$	150.2					$	134.2

The changes in product warranty liabilities related to continuing operations for the nine months ended September 30, 2022 were as follows (in millions):

Total warranty liability as of December 31, 2021			$	134.2
Warranty claims paid			(27.1)
Changes resulting from issuance of new warranties			41.8
Changes in estimates associated with pre-existing liabilities			2.7
Changes in foreign currency translation rates and other			(1.4)
Total warranty liability as of September 30, 2022			$	150.2

Schedule of probable insurance recoveries

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Schedule of Insurance Recoveries

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=123368208&loc=d3e12565-110249

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