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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Line of Credit Facilities

Our available lines of credit, outstanding standby LOCs, and bonds were as follows:

In thousands			June 30, 2021						December 31, 2020
Credit facility
Multicurrency revolving line of credit			$	500,000					$	500,000
Standby LOCs issued and outstanding			(65,471)						(64,948)
Net available for additional borrowings under the multicurrency revolving line of credit			$	434,529					$	435,052
Net available for additional standby LOCs under sub-facility			$	234,529					$	235,052
Unsecured multicurrency revolving lines of credit with various financial institutions
Multicurrency revolving lines of credit			$	97,013					$	99,201
Standby LOCs issued and outstanding			(24,660)						(24,966)
Short-term borrowings			(7,354)						—
Net available for additional borrowings and LOCs			$	64,999					$	74,235
Unsecured surety bonds in force			$	146,525					$	162,912

Schedule of Warranty Accruals

A summary of the warranty accrual account activity is as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
In thousands			2021						2020						2021						2020
Beginning balance			$	39,334					$	48,719					$	41,390					$	53,242
New product warranties			900						1,000						1,686						2,070
Other adjustments and expirations, net			(683)						3,100						1,606						3,793
Claims activity			(3,515)						(8,365)						(7,884)						(14,305)
Effect of change in exchange rates			174						303						(588)						(43)
Ending balance			36,210						44,757						36,210						44,757
Less: current portion of warranty			20,299						33,039						20,299						33,039
Long-term warranty			$	15,911					$	11,718					$	15,911					$	11,718

Warranty Expense

Warranty expense was as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
In thousands			2021						2020						2021						2020
Total warranty expense			$	217					$	4,130					$	3,292					$	5,893

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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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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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=68068213&loc=d3e12565-110249

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