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