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Warranties (Tables)
12 Months Ended
Sep. 30, 2019
Product Warranties Disclosures [Abstract]  
Schedule of Changes in Warranty Liability and Unearned Extended Warranty Premiums

Changes in the Company’s service-type warranties were as follows (in millions):

 

 

 

Fiscal Year Ended September 30,

 

 

 

2019

 

 

2018

 

Balance at beginning of period

 

$

30.7

 

 

$

30.8

 

Adoption of ASC 606

 

 

35.7

 

 

 

 

Deferred revenue for new service-type warranties

 

 

27.5

 

 

 

12.7

 

Amortization of deferred revenue

 

 

(25.2

)

 

 

(14.2

)

Changes in liability for pre-existing warranties, net

 

 

 

 

 

1.8

 

Foreign currency translation

 

 

(0.5

)

 

 

(0.4

)

Balance at end of period

 

$

68.2

 

 

$

30.7

 

Changes in the Company’s assurance-type warranty liability were as follows (in millions):

 

 

Fiscal Year Ended September 30,

 

 

 

2019

 

 

2018

 

Balance at beginning of year

 

$

75.3

 

 

$

68.0

 

Adoption of ASC 606

 

 

(14.4

)

 

 

 

Warranty provisions

 

 

55.5

 

 

 

56.6

 

Settlements made

 

 

(50.2

)

 

 

(49.8

)

Changes in liability for pre-existing warranties, net

 

 

(0.8

)

 

 

0.6

 

Foreign currency translation

 

 

(0.3

)

 

 

(0.1

)

Balance at end of year

 

$

65.1

 

 

$

75.3