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Warranties | 3 Months Ended
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Jan. 31, 2024
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 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:
|  | Three Months Ended January 31, |
|  | 2024 |  |  | 2023 |
Balance at beginning of period |  | $ | 39.1 |  |  | $ | 31.9 |
Warranty provisions |  |  | 9.0 |  |  |  | 6.2 |
Settlements made |  |  | (9.3 | ) |  |  | (7.0 | )
Change in liability of pre-existing warranties |  |  | (0.6 | ) |  |  | — |
Divestiture (Note 7) |  |  | (1.1 | ) |  |  | — |
Balance at end of period |  | $ | 37.1 |  |  | $ | 31.1 |
Accrued warranty is classified in the Company’s condensed unaudited consolidated balance sheets as follows:
|  | January 31, 2024 |  |  | October 31, 2023 |
Current liabilities |  | $ | 20.2 |  |  | $ | 23.4 |
Other long-term liabilities |  |  | 16.9 |  |  |  | 15.7 |
Total warranty liability |  | $ | 37.1 |  |  | $ | 39.1 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-4 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(5) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-4 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-4 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-4 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-4 + Details
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