XML 46 R36.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Line of Credit Facilities
Our available lines of credit, outstanding standby LOCs, and bonds were as follows:
In thousandsJune 30, 2020December 31, 2019
Credit facility
Multicurrency revolving line of credit$500,000  $500,000  
Long-term borrowings(400,000) —  
Standby LOCs issued and outstanding(45,458) (41,072) 
Net available for additional borrowings under the multi-currency revolving line of credit
$54,542  $458,928  
Net available for additional standby LOCs under sub-facility$54,542  $258,928  
Unsecured multicurrency revolving lines of credit with various financial institutions
Multicurrency revolving lines of credit$99,782  $107,206  
Standby LOCs issued and outstanding(23,440) (25,100) 
Short-term borrowings(134) (173) 
Net available for additional borrowings and LOCs$76,208  $81,933  
Unsecured surety bonds in force$160,860  $136,004  
Schedule of Warranty Accruals
A summary of the warranty accrual account activity is as follows:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2020201920202019
Beginning balance$48,719  $57,532  $53,242  $60,443  
New product warranties1,000  538  2,070  2,257  
Other adjustments and expirations, net3,100  6,070  3,793  7,931  
Claims activity(8,365) (7,434) (14,305) (13,517) 
Effect of change in exchange rates303  406  (43) (2) 
Ending balance44,757  57,112  44,757  57,112  
Less: current portion of warranty33,039  38,987  33,039  38,987  
Long-term warranty$11,718  $18,125  $11,718  $18,125  
Warranty Expense Warranty expense was as follows:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2020201920202019
Total warranty expense$4,130  $6,187  $5,893  $7,966