XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Organization and Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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,
| 2023 |  | 2022 |  | 2021
Balance at beginning of year | $ | 172.9 |  |  | $ | 132.9 |  |  | $ | 138.6 |
Reductions to reserve related to divestitures | — |  |  | — |  |  | (2.1) |
Additions charged to expense | 209.1 |  |  | 183.5 |  |  | 130.4 |
Warranty claims paid, net | (200.9) |  |  | (143.5) |  |  | (134.0) |
Balance at end of year | $ | 181.1 |  |  | $ | 172.9 |  |  | $ | 132.9 |
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):
|  | Input Level |  | December 31, 2023 |  | December 31, 2022
Assets |  |  |  |  |  |
Non-qualified deferred compensation assets |  | Level 1 |  | $ | 46.7 |  |  | $ | 39.8 |
Foreign exchange contracts, net |  | Level 2 |  | 4.6 |  |  | 8.4 |
Interest rate contracts, net |  | Level 2 |  | 0.9 |  |  | 5.9 |
Liabilities |  |  |  |  |  |
Non-qualified deferred compensation liabilities |  | Level 1 |  | $ | (46.7) |  |  | $ | (39.8) |
Commodity contracts, net |  | Level 2 |  | (1.3) |  |  | — |
Schedule of activity in the warranty reserve | The activity in the deferred revenue reserve for ESCs during the periods presented was as follows (in millions):
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Balance at beginning of year | $ | 111.1 |  |  | $ | 108.3 |  |  | $ | 89.1 |
New contracts sold | 49.1 |  |  | 49.1 |  |  | 55.0 |
Revenue recognized on existing contracts | (49.9) |  |  | (46.3) |  |  | (35.8) |
Balance at end of year | $ | 110.3 |  |  | $ | 111.1 |  |  | $ | 108.3 |
The Company expects to recognize approximately $35.3 million of the unearned amount over the 12 months following December 31, 2023, compared to $35.5 million as of December 31, 2022. These amounts were recorded in accrued expenses in the consolidated balance sheets. The amount recorded in other long-term liabilities totaled $75.0 million and $75.6 million as of December 31, 2023 and 2022, respectively.

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

X
- 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
Name: | us-gaap_DeferredRevenueByArrangementDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration