XML 42 R33.htm IDEA: XBRL DOCUMENT v3.23.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023December 31, 2022
Credit facility
Multicurrency revolving line of credit$500,000 $500,000 
Standby LOCs issued and outstanding(61,555)(55,990)
Net available for additional borrowings under the multicurrency revolving line of credit$438,445 $444,010 
Net available for additional standby LOCs under sub-facility$238,445 $244,010 
Unsecured multicurrency revolving lines of credit with various financial institutions
Multicurrency revolving lines of credit$85,513 $81,781 
Standby LOCs issued and outstanding(18,820)(22,530)
Short-term borrowings— — 
Net available for additional borrowings and LOCs$66,693 $59,251 
Unsecured surety bonds in force$271,202 $285,754 
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 thousands2023202220232022
Beginning balance$24,831 $30,835 $25,698 $32,022 
New product warranties1,817 968 3,447 2,434 
Other adjustments and expirations, net723 (107)34 (65)
Claims activity(1,943)(2,338)(3,930)(4,772)
Effect of change in exchange rates58 (649)237 (910)
Ending balance25,486 28,709 25,486 28,709 
Less: current portion of warranty17,847 17,378 17,847 17,378 
Long-term warranty$7,639 $11,331 $7,639 $11,331 
Warranty Expense Warranty expense was as follows:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2023202220232022
Total warranty expense$2,540 $861 $3,481 $2,369