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Commitments and Contingencies (Tables) | 6 Months Ended
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Jul. 01, 2023
Commitments and Contingencies Disclosure [Abstract] |
Product Warranty Liabilities | The following activity related to product warranty liabilities was recorded in Accrued expenses during the six months ended July 1, 2023 and July 2, 2022:
(in millions) | July 1, 2023 |  | July 2, 2022
Balance at beginning of period | $ | 146.7 |  |  | $ | 129.3 |
Payments | (40.2) |  |  | (29.2) |
Provisions/additions for contracts issued/sold | 45.9 |  |  | 41.1 |
Aggregate changes for preexisting warranties | 2.7 |  |  | (0.2) |
Foreign currency translation | 0.5 |  |  | (1.3) |
Other | 1.4 |  |  | (0.9) |
Balance at end of period | $ | 157.0 |  |  | $ | 138.8 |
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 six months ended July 1, 2023 and July 2, 2022:
(in millions) | July 1, 2023 |  | July 2, 2022
Balance at beginning of period | $ | 112.5 |  |  | $ | 99.5 |
Extended warranty contracts sold | 22.6 |  |  | 20.1 |
Revenue recognized on existing extended warranty contracts | (12.8) |  |  | (11.0) |
Foreign currency translation | 0.2 |  |  | — |
Other | (0.2) |  |  | (0.3) |
Balance at end of period | $ | 122.3 |  |  | $ | 108.3 |

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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 No definition available. + 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://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-8 + Details
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