XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

Commitments and Contingencies | 9 Months Ended
--- | ---
Oct. 02, 2021
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies Product Warranties The following activity related to product warranty liabilities was recorded in Accrued expenses during the nine months ended October 2, 2021 and September 26, 2020:
(in millions) | October 2, 2021 |  | September 26, 2020
Balance at beginning of period | $ | 115.9 |  |  | $ | 117.6 |
Payments - recurring | (48.2) |  |  | (37.6) |
(Payments)/Provisions - Sport Yacht and Yachts and Fitness businesses | (2.6) |  |  | (4.4) |
Provisions/additions for contracts issued/sold | 57.9 |  |  | 41.2 |
Aggregate changes for preexisting warranties | (2.8) |  |  | (2.0) |
Foreign currency translation | (0.7) |  |  | (0.1) |
Acquisitions | 1.3 |  |  | — |
Other | (1.7) |  |  | (1.8) |
Balance at end of period | $ | 119.1 |  |  | $ | 112.9 |
Extended Product Warranties The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the nine months ended October 2, 2021 and September 26, 2020:
(in millions) | October 2, 2021 |  | September 26, 2020
Balance at beginning of period | $ | 87.4 |  |  | $ | 75.3 |
Extended warranty contracts sold | 27.1 |  |  | 23.7 |
Revenue recognized on existing extended warranty contracts | (14.9) |  |  | (12.5) |
Foreign currency translation | 0.1 |  |  | (0.1) |
Other | (0.2) |  |  | (0.2) |
Balance at end of period | $ | 99.5 |  |  | $ | 86.2 |

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 954 -SubTopic 440 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6491277&loc=d3e6429-115629 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123406679&loc=d3e25336-109308 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123406679&loc=d3e25336-109308 + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration