Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.1
Commitments and Contingencies (Tables)
 3 Months Ended
Apr. 03, 2021
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended April 3, 2021 and March 28, 2020:
(in millions) April 3, 2021 March 28, 2020
Balance at beginning of period $ 115.9  $ 117.6 
Payments - Recurring (14.5) (11.6)
(Payments)/Provisions - Sport Yacht and Yachts and Fitness businesses (0.9) (1.7)
Provisions/additions for contracts issued/sold 18.7  13.8 
Aggregate changes for preexisting warranties 0.2  (1.3)
Foreign currency translation (0.5) (0.8)
Other (1.0) — 
Balance at end of period $ 117.9  $ 116.0 
Extended Product Warranty Liabilities
The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the three months ended April 3, 2021 and March 28, 2020:
(in millions) April 3,
2021		 March 28,
2020
Balance at beginning of period $ 87.4  $ 75.3 
Extended warranty contracts sold 7.2  5.7 
Revenue recognized on existing extended warranty contracts (4.8) (3.9)
Foreign currency translation 0.1  (0.4)
Other (0.1) (0.1)
Balance at end of period $ 89.8  $ 76.6