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Organization and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Activity in the limited warranty reserve

The activity in the warranty reserve during the periods presented was as follows (in millions):

			For the Years Ended December 31,
			2020						2019						2018
Balance at beginning of year			$	136.2					$	121.8					$	123.8
Additions to reserve related to acquisitions			—						8.8						19.5
Additions charged to expense			123.7						122.9						105.0
Warranty claims paid, net			(119.1)						(117.3)						(126.5)
Balance at end of year			$	140.8					$	136.2					$	121.8

Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):

			Fair Value Measurements as of December 31, 2020
Asset (Liability)			Total						Level 1						Level 2						Level 3
Non-qualified deferred compensation assets			$	48.3					$	48.3					$	—					$	—
Total assets at fair value			$	48.3					$	48.3					$	—					$	—
Non-qualified deferred compensation liabilities			$	(48.3)					$	(48.3)					$	—					$	—
Foreign exchange contracts, net			(2.3)						—						(2.3)						—
Interest rate contracts, net			(18.1)						—						(18.1)						—
Total liabilities at fair value			$	(68.7)					$	(48.3)					$	(20.4)					$	—
			Fair Value Measurements as of December 31, 2019
Asset (Liability)			Total						Level 1						Level 2						Level 3
Non-qualified deferred compensation assets			$	48.9					$	48.9					$	—					$	—
Total assets at fair value			$	48.9					$	48.9					$	—					$	—
Non-qualified deferred compensation liabilities			$	(48.9)					$	(48.9)					$	—					$	—
Foreign exchange contracts, net			(0.1)						—						(0.1)						—
Interest rate contracts, net			(8.0)						—						(8.0)						—
Total liabilities at fair value			$	(57.0)					$	(48.9)					$	(8.1)					$	—

Schedule of major components of inventories

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value. The major components of inventories are as follows (in millions):  

			December 31, 2020						December 31, 2019
Raw materials and purchased components			$	533.5					$	344.6
Service parts, garments and accessories			330.5						357.0
Finished goods			381.3						476.2
Less: reserves			(67.7)						(56.7)
Inventories			$	1,177.6					$	1,121.1

Schedule of activity in the warranty reserve

The activity in the deferred revenue reserve during the periods presented was as follows (in millions):

			For the Years Ended December 31,
			2020						2019						2018
Balance at beginning of year			$	81.6					$	59.9					$	45.8
New contracts sold			60.4						49.6						35.6
Less: reductions for revenue recognized			(34.9)						(27.9)						(21.5)
Balance at end of year (1)			$	107.1					$	81.6					$	59.9

(1) The unamortized ESC premiums (deferred revenue) recorded in other current liabilities totaled $37.8 million and $34.3 million at December 31, 2020 and 2019, respectively, while the amount recorded in other long-term liabilities totaled $69.3 million and $47.3 million at December 31, 2020 and 2019, respectively.

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