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Product Support Liabilities (Tables)
9 Months Ended
Sep. 30, 2022
Product Warranties Disclosures [Abstract]  
Changes in Product Support Liabilities, Warranty Reserves

WARRANTY RESERVES

2022

 

 

2021

 

Balance at January 1

$

344.3

 

 

$

389.7

 

Cost accruals

 

269.4

 

 

 

218.9

 

Payments

 

(302.9

)

 

 

(309.7

)

Change in estimates for pre-existing warranties

 

80.6

 

 

 

43.4

 

Currency translation and other

 

(23.2

)

 

 

(5.0

)

Balance at September 30

$

368.2

 

 

$

337.3

 

 

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

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS

 

2022

 

 

 

2021

 

Balance at January 1

$

775.2

 

 

$

795.8

 

Deferred revenues

 

439.7

 

 

 

350.7

 

Revenues recognized

 

(352.7

)

 

 

(363.8

)

Currency translation

 

(56.7

)

 

 

(15.5

)

Balance at September 30

$

805.5

 

 

$

767.2