XML 31 R21.htm IDEA: XBRL DOCUMENT v3.21.2

Product Warranties

6 Months Ended

Jun. 30, 2021

Guarantees And Product Warranties [Abstract]

Product Warranties

13. Product Warranties

We generally record warranty expense related to contractual warranty terms at the time of sale. We may also provide customer concessions for claims made outside of the contractual warranty terms and those expenses are recorded in the period in which the concession is made. We offer our customers various warranty terms based on the type of product that is sold. Warranty expense is determined based on historic claim experience and the nature of the product category. The following table summarizes activity related to our product warranty liability for the six months ended June 30, 2021 and 2020, respectively.

(In millions)		Six Months Ended June 30,
		2021				2020
Reserve balance at January 1,		$	24.5			$	24.7
Provision for warranties issued			16.9				11.6
Settlements made (in cash or in kind)			(16.8	)			(12.6	)
Acquisition			0.3				—
Reserve balance at June 30,		$	24.9			$	23.7

X

- References

No definition available.

+ Details

Name:	us-gaap_GuaranteesAndProductWarrantiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-URI http://asc.fasb.org/topic&trid=2155896

+ Details

Name:	us-gaap_ProductWarrantyDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration