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Warranties

12 Months Ended

Oct. 31, 2018

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