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Commitments and Contingencies (Tables) | 3 Months Ended
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Apr. 03, 2021
Commitments and Contingencies Disclosure [Abstract] |
Product Warranty Liabilities | The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended April 3, 2021 and March 28, 2020:
(in millions) | April 3, 2021 |  | March 28, 2020
Balance at beginning of period | $ | 115.9 |  |  | $ | 117.6 |
Payments - Recurring | (14.5) |  |  | (11.6) |
(Payments)/Provisions - Sport Yacht and Yachts and Fitness businesses | (0.9) |  |  | (1.7) |
Provisions/additions for contracts issued/sold | 18.7 |  |  | 13.8 |
Aggregate changes for preexisting warranties | 0.2 |  |  | (1.3) |
Foreign currency translation | (0.5) |  |  | (0.8) |
Other | (1.0) |  |  | — |
Balance at end of period | $ | 117.9 |  |  | $ | 116.0 |
Extended Product Warranty Liabilities | The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the three months ended April 3, 2021 and March 28, 2020:
(in millions) | April 3, 2021 |  | March 28, 2020
Balance at beginning of period | $ | 87.4 |  |  | $ | 75.3 |
Extended warranty contracts sold | 7.2 |  |  | 5.7 |
Revenue recognized on existing extended warranty contracts | (4.8) |  |  | (3.9) |
Foreign currency translation | 0.1 |  |  | (0.4) |
Other | (0.1) |  |  | (0.1) |
Balance at end of period | $ | 89.8 |  |  | $ | 76.6 |

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- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121566466&loc=d3e6935-107765 + Details
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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=68068213&loc=d3e12565-110249 + Details
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