Commitments and Contingencies (Tables)

9 Months Ended

Oct. 02, 2021

Commitments and Contingencies Disclosure [Abstract]

Product Warranty Liabilities

The following activity related to product warranty liabilities was recorded in Accrued expenses during the nine months ended October 2, 2021 and September 26, 2020:

(in millions)	October 2, 2021		September 26, 2020
Balance at beginning of period	$	115.9	$	117.6
Payments - recurring	(48.2)		(37.6)
(Payments)/Provisions - Sport Yacht and Yachts and Fitness businesses	(2.6)		(4.4)
Provisions/additions for contracts issued/sold	57.9		41.2
Aggregate changes for preexisting warranties	(2.8)		(2.0)
Foreign currency translation	(0.7)		(0.1)
Acquisitions	1.3		—
Other	(1.7)		(1.8)
Balance at end of period	$	119.1	$	112.9

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 nine months ended October 2, 2021 and September 26, 2020:

(in millions)	October 2, 2021		September 26, 2020
Balance at beginning of period	$	87.4	$	75.3
Extended warranty contracts sold	27.1		23.7
Revenue recognized on existing extended warranty contracts	(14.9)		(12.5)
Foreign currency translation	0.1		(0.1)
Other	(0.2)		(0.2)
Balance at end of period	$	99.5	$	86.2