Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below (in millions):

	Fair Value Measurements as of March 31, 2020
Asset (Liability)	Total			Level 1			Level 2			Level 3
Non-qualified deferred compensation assets	$	51.0		$	51.0		$	—		$	—
Total assets at fair value	$	51.0		$	51.0		$	—		$	—
Non-qualified deferred compensation liabilities	$	(51.0	)	$	(51.0	)	$	—		$	—
Foreign exchange contracts, net	(1.1		)	—			(1.1		)	—
Interest rate contracts, net	(20.4		)	—			(20.4		)
Total liabilities at fair value	$	(72.5	)	$	(51.0	)	$	(21.5	)	$	—
	Fair Value Measurements as of December 31, 2019
Asset (Liability)	Total			Level 1			Level 2			Level 3
Non-qualified deferred compensation assets	$	48.9		$	48.9		$	—		$	—
Total assets at fair value	$	48.9		$	48.9		$	—		$	—
Non-qualified deferred compensation liabilities	$	(48.9	)	$	(48.9	)	$	—		$	—
Foreign exchange contracts, net	(0.1		)				(0.1		)
Interest rate contracts, net	(8.0		)	—			(8.0		)	—
Total liabilities at fair value	$	(57.0	)	$	(48.9	)	$	(8.1	)	$	—

Schedule of major components of inventories

The major components of inventories are as follows (in millions):

	March 31, 2020			December 31, 2019
Raw materials and purchased components	$	425.2		$	344.6
Service parts, garments and accessories	358.4			357.0
Finished goods	513.5			476.2
Less: reserves	(62.3		)	(56.7		)
Inventories	$	1,234.8		$	1,121.1

Schedule of activity in the warranty reserve

The activity in the warranty reserve during the periods presented was as follows (in millions):

	Three months ended March 31,
	2020			2019
Balance at beginning of period	$	136.2		$	121.8
Additions charged to expense	24.2			26.0
Warranty claims paid, net	(27.6		)	(31.6		)
Balance at end of period	$	132.8		$	116.2