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Product Warranties | 6 Months Ended
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Jul. 02, 2022
Product Warranties Disclosures [Abstract] |
Product Warranties | Product Warranties The Corporation issues certain warranty policies on its workplace furnishings and residential building products that provide for repair or replacement of any covered product or component that fails during normal use because of a defect in design, materials, or workmanship. The duration of warranty policies on the Corporation's products varies based on the type of product. Allowances have been established for the anticipated future costs associated with the Corporation's warranty programs. A warranty allowance is determined by recording a specific allowance for known warranty issues and an additional allowance for unknown claims expected to be incurred based on historical claims experience. Actual costs incurred could differ from the original estimates, requiring adjustments to the allowance. Activity associated with warranty obligations was as follows:
| Six Months Ended
| July 2, 2022 |  | July 3, 2021
Balance at beginning of period | $ | 16.0 |  |  | $ | 16.1 |
Accruals for warranties issued during period | 5.2 |  |  | 4.5 |
Settlements made during the period | (5.1) |  |  | (4.0) |
Accruals reclassified to held for sale | (0.2) |  |  | — |
Balance at end of period | $ | 15.9 |  |  | $ | 16.6 |
The current and long-term portions of the allowance for estimated settlements are included within "Accounts payable and accrued expenses" and "Other Long-Term Liabilities," respectively, in the Condensed Consolidated Balance Sheets. The following table summarizes when these estimated settlements are expected to be paid:
| July 2, 2022 |  | January 1, 2022
Current | $ | 5.1 |  |  | $ | 5.4 |
Long-term | 10.8 |  |  | 10.6 |
Total | $ | 15.9 |  |  | $ | 16.0 |
Balances as of July 2, 2022 in the table above exclude amounts classified as held for sale. See "Note 15. Business Held for Sale" in the Notes to Condensed Consolidated Financial Statements for further information.

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- References No definition available. + Details
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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 https://asc.fasb.org/topic&trid=2155896 + Details
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