XML 45 R35.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2021
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 thousandsMarch 31, 2021December 31, 2020
Credit facility
Multicurrency revolving line of credit$500,000 $500,000 
Long-term borrowings— — 
Standby LOCs issued and outstanding(64,307)(64,948)
Net available for additional borrowings under the multicurrency revolving line of credit$435,693 $435,052 
Net available for additional standby LOCs under sub-facility$235,693 $235,052 
Unsecured multicurrency revolving lines of credit with various financial institutions
Multicurrency revolving lines of credit$95,687 $99,201 
Standby LOCs issued and outstanding(24,478)(24,966)
Short-term borrowings— — 
Net available for additional borrowings and LOCs$71,209 $74,235 
Unsecured surety bonds in force$146,532 $162,912 
Schedule of Warranty Accruals
A summary of the warranty accrual account activity is as follows:
Three Months Ended March 31,
In thousands20212020
Beginning balance$41,390 $53,241 
New product warranties786 1,070 
Other adjustments and expirations, net2,289 694 
Claims activity(4,369)(5,940)
Effect of change in exchange rates(762)(346)
Ending balance39,334 48,719 
Less: current portion of warranty22,024 36,409 
Long-term warranty$17,310 $12,310 
Warranty Expense Warranty expense was as follows:
Three Months Ended March 31,
In thousands20212020
Total warranty expense$3,075 $1,763