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Organization and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
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,
| 2021 |  | 2020 |  | 2019
Balance at beginning of year | $ | 140.8 |  |  | $ | 136.2 |  |  | $ | 121.8 |
Additions to reserve related to acquisitions | — |  |  | — |  |  | 8.8 |
Reductions to reserve related to divestitures | (2.1) |  |  | — |  |  | — |
Additions charged to expense | 130.4 |  |  | 123.7 |  |  | 122.9 |
Warranty claims paid, net | (134.0) |  |  | (119.1) |  |  | (117.3) |
Balance at end of year | $ | 135.1 |  |  | $ | 140.8 |  |  | $ | 136.2 |
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, 2021
Asset (Liability) | Total |  | Level 1 |  | Level 2 |  | Level 3
Non-qualified deferred compensation assets | $ | 52.4 |  |  | $ | 52.4 |  |  | $ | — |  |  | $ | — |
Foreign exchange contracts, net | 2.1 |  |  | — |  |  | 2.1 |  |  | — |
Total assets at fair value | $ | 54.5 |  |  | $ | 52.4 |  |  | $ | 2.1 |  |  | $ | — |
Non-qualified deferred compensation liabilities | $ | (52.4) |  |  | $ | (52.4) |  |  | $ | — |  |  | $ | — |
Interest rate contracts, net | (7.8) |  |  | — |  |  | (7.8) |  |  | — |
Total liabilities at fair value | $ | (60.2) |  |  | $ | (52.4) |  |  | $ | (7.8) |  |  | $ | — |
| 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) |  |  | $ | — |
Schedule of major components of inventories | The major components of inventories are as follows (in millions):
| December 31, 2021 |  | December 31, 2020
Raw materials and purchased components | $ | 720.2 |  |  | $ | 533.5 |
Service parts, garments and accessories | 417.7 |  |  | 330.5 |
Finished goods | 588.2 |  |  | 381.3 |
Less: reserves | (81.3) |  |  | (67.7) |
Inventories | $ | 1,644.8 |  |  | $ | 1,177.6 |
Schedule of property and equipment | The major components of property and equipment are as follows (in millions):
| December 31, 2021 |  | December 31, 2020
Land, buildings and improvements | $ | 532.2 |  |  | $ | 517.2 |
Equipment and tooling | 1,672.2 |  |  | 1,499.5 |
| 2,204.4 |  |  | 2,016.7 |
Less: accumulated depreciation | (1,229.0) |  |  | (1,127.9) |
Property and equipment, net | $ | 975.4 |  |  | $ | 888.8 |
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,
| 2021 |  | 2020 |  | 2019
Balance at beginning of year | $ | 107.1 |  |  | $ | 81.6 |  |  | $ | 59.9 |
New contracts sold | 66.6 |  |  | 60.4 |  |  | 49.6 |
Less: reductions for revenue recognized | (47.3) |  |  | (34.9) |  |  | (27.9) |
Balance at end of year (1) | $ | 126.4 |  |  | $ | 107.1 |  |  | $ | 81.6 |
(1) The unamortized ESC premiums recorded in other current liabilities totaled $44.0 million and $37.8 million as of December 31, 2021 and 2020, respectively, while the amount recorded in other long-term liabilities totaled $82.4 million and $69.3 million as of December 31, 2021 and 2020, respectively.

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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=123368208&loc=d3e12565-110249 + Details
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