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Product Support Liabilities (Tables)
3 Months Ended
Mar. 31, 2020
Product Warranties Disclosures [Abstract]  
Changes in Product Support Liabilities, Warranty Reserves

WARRANTY RESERVES

2020

 

 

2019

 

Balance at January 1

$

440.0

 

 

$

380.2

 

Cost accruals

 

97.9

 

 

 

91.1

 

Payments

 

(110.3

)

 

 

(78.6

)

Change in estimates for pre-existing warranties

 

25.9

 

 

 

(4.5

)

Currency translation and other

 

(6.1

)

 

 

(.3

)

Balance at March 31

$

447.4

 

 

$

387.9

 

 

Changes in Deferred Revenues on Extended Warranties and R&M Contracts

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS

 

2020

 

 

 

2019

 

Balance at January 1

$

801.4

 

 

$

699.9

 

Deferred revenues

 

107.9

 

 

 

129.4

 

Revenues recognized

 

(107.1

)

 

 

(96.9

)

Currency translation

 

(13.0

)

 

 

(3.1

)

Balance at March 31

$

789.2

 

 

$

729.3