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Warranties | 12 Months Ended
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Oct. 31, 2018
Guarantees [Abstract] |
Warranties | Note 10. Warranties The Company’s products generally carry explicit warranties that extend from several months to several years, based on terms that are generally accepted in their respective markets. Selected components (such as engines, transmissions, tires, etc.) included in the Company’s end products may include warranties from original equipment manufacturers (“OEM”). These OEM warranties are passed on to the end customer of the Company’s products, and in some cases the customer deals directly with the applicable OEM manufacturer for any issues encountered. Changes in the Company’s warranty liability consisted of the following:
|  | Fiscal Year Ended |
|  | October 31, 2018 |  |  | October 31, 2017 |
Balance at beginning of year |  | $ | 40.2 |  |  | $ | 38.8 |
Warranty provisions |  |  | 24.1 |  |  |  | 29.5 |
Settlements made |  |  | (32.0 | ) |  |  | (34.0 | )
Warranties for current year acquisitions |  |  | 1.4 |  |  |  | 6.7 |
Changes in liability of pre-existing warranties |  |  | (2.9 | ) |  |  | (0.8 | )
Balance at end of year |  | $ | 30.8 |  |  | $ | 40.2 |
Accrued warranty is classified in the Company’s consolidated balance sheets as follows:
|  | October 31, 2018 |  |  | October 31, 2017 |
Current liabilities |  | $ | 19.0 |  |  | $ | 26.0 |
Other long-term liabilities |  |  | 11.8 |  |  |  | 14.2 |
Total warranty liability |  | $ | 30.8 |  |  | $ | 40.2 |

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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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