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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2023
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 thousandsSeptember 30, 2023December 31, 2022
Credit facility
Multicurrency revolving line of credit$500,000 $500,000 
Standby LOCs issued and outstanding(61,635)(55,990)
Net available for additional borrowings under the multicurrency revolving line of credit$438,365 $444,010 
Net available for additional standby LOCs under sub-facility$238,365 $244,010 
Unsecured multicurrency revolving lines of credit with various financial institutions
Multicurrency revolving lines of credit$82,287 $81,781 
Standby LOCs issued and outstanding(19,908)(22,530)
Short-term borrowings— — 
Net available for additional borrowings and LOCs$62,379 $59,251 
Unsecured surety bonds in force$271,160 $285,754 
Schedule of Warranty Accruals
A summary of the warranty accrual account activity is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
In thousands2023202220232022
Beginning balance$25,486 $28,709 $25,698 $32,022 
New product warranties1,647 1,166 5,094 3,600 
Other adjustments and expirations, net(1,343)(1,092)(1,309)(1,157)
Claims activity(2,005)(2,299)(5,935)(7,071)
Effect of change in exchange rates(302)(1,026)(65)(1,936)
Ending balance23,483 25,458 23,483 25,458 
Less: current portion of warranty16,221 17,943 16,221 17,943 
Long-term warranty$7,262 $7,515 $7,262 $7,515 
Warranty Expense Warranty expense was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
In thousands2023202220232022
Total warranty expense$304 $74 $3,785 $2,443