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1. Significant Accounting Policies (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2022

Accounting Policies [Abstract]

Schedule of Product Warranty Liability

Warranty liabilities are included in Other current liabilities and Other long-term liabilities in the consolidated balance sheets. Change in our warranty liability were as follows (in millions):

						2022						2021						2020
January 1						$	12.7					$	9.8					$	9.0
Provision for warranty						8.8						14.8						9.4
Actual warranty costs						(10.9)						(11.9)						(8.6)
December 31						$	10.6					$	12.7					$	9.8

Schedule of Weighted Average Number of Shares

The weighted average number of common shares outstanding used to calculate basic and diluted earnings (loss) per share, and the anti-dilutive shares that are excluded from the diluted earnings (loss) per share calculation are as follows (in thousands):

						Year Ended December 31,
						2022						2021						2020
Basic weighted average shares common outstanding						29,785						29,831						29,768
Effect of potentially dilutive stock options, restricted
stock and performance stock awards						—						377						392
Diluted weighted average common shares outstanding						29,785						30,208						30,160
Anti-dilutive shares						325						33						44

Accounts Receivable, Allowance for Credit Loss

Changes in our allowance for credit losses were as follows (in millions):

December 31,			2022			2021			2020
Beginning balance			$	15.1		$	19.8		$	20.2
Provision for expected credit losses			1.7			1.4			1.2
Write-offs charged against the allowance			(1.9)			(6.4)			(1.6)
Recoveries collected			0.1			0.3			—
Ending balance			$	15.0		$	15.1		$	19.8

Schedule of Error Corrections and Prior Period Adjustments

The effect of the revision to our consolidated balance sheet as of December 31, 2021 was as follows (in millions):

						December 31, 2021
						As reported						Adjustment						As revised
Consolidated Balance Sheet:
Prepaid expenses						$	107.7					$	1.4					$	109.1
Property, plant and equipment, net						491.0						20.7						511.7
Other assets						102.7						1.5						104.2
Deferred income taxes						3,059.1						5.5						3,064.6
Retained earnings						13,507.2						18.1						13,525.3

The effect of the revision to our consolidated statements of income (loss) and consolidated statements of cash flows for the years ended December 31, 2021 and 2020 were as follows (in millions, except per share data):

						Year Ended December 31, 2021
						As reported						Adjustment						As revised
Consolidated Statements of Income (Loss):
Cost of goods sold						$	1,281.9					$	2.6					$	1,284.5
Selling, general and administrative expense						879.6						(2.5)						877.1
Research and development expense						271.7						(11.1)						260.6
Income from operations						489.4						10.9						500.3
Benefit from (provision for) income taxes						(1,192.2)						(2.6)						(1,194.8)
Net income (loss)						4,245.9						8.4						4,254.3
Net income (loss) per basic share						142.33						0.28						142.61
Net income (loss) per diluted share						140.56						0.27						140.83

						Year Ended December 31, 2021
						As reported						Adjustment						As revised
Consolidated Statement of Cash Flows:
Net cash provided by operating activities						$	656.5					$	13.0					$	669.5
Net cash used in investing activities						(784.4)						(13.0)						(797.4)

						Year Ended December 31, 2020
						As reported						Adjustment						As revised
Consolidated Statements of Income (Loss):
Cost of goods sold						$	1,107.8					$	(0.1)					$	1,107.7
Selling, general and administrative expense						800.3						(1.5)						798.8
Research and development expense						226.6						(8.8)						217.8
Income from operations						411.0						10.4						421.3
Benefit from (provision for) income taxes						(1,101.4)						(2.4)						(1,103.8)
Net income (loss)						3,806.3						8.0						3,814.2
Net income (loss) per basic share						127.86						0.27						128.13
Net income (loss) per diluted share						126.20						0.27						126.47

						Year Ended December 31, 2020
						As reported						Adjustment						As revised
Consolidated Statement of Cash Flows:
Net cash provided by operating activities						$	575.3					$	9.6					$	585.0
Net cash used in investing activities						(60.3)						(9.6)						(69.9)

In addition, the revision effected prior year amounts disclosed in Note 7, Income Taxes; Note 12, Supplemental Cash Flow Information; Note 15, Segment Information and Note 18 Quarterly Financial Data (Unaudited).

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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.

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