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Warranties
 9 Months Ended
Jul. 31, 2019
Guarantees [Abstract]  
Warranties

Note 8. 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 the marketplace. 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 the customer deals directly with the applicable OEM for any issues encountered on those components.

Changes in the Company’s warranty liability consisted of the following:

 

 

 

Nine Months Ended

July 31,

 

 

 

2019

 

 

2018

 

Balance at beginning of period

 

$

30.8

 

 

$

40.2

 

Warranty provisions

 

 

14.6

 

 

 

13.2

 

Settlements made

 

 

(22.4

)

 

 

(19.7

)

Warranties for current year acquisitions

 

 

—

 

 

 

1.4

 

Changes in liability of pre-existing warranties

 

 

0.1

 

 

 

(1.7

)

Balance at end of period

 

$

23.1

 

 

$

33.4

 

 

Accrued warranty is classified in the Company’s consolidated balance sheets as follows:

 

 

 

July 31,

2019

 

 

October 31,

2018

 

Current liabilities

 

$

13.8

 

 

$

19.0

 

Other long-term liabilities

 

 

9.3

 

 

 

11.8

 

Total warranty liability

 

$

23.1

 

 

$

30.8