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Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2020
Asset (Liability)TotalLevel 1Level 2Level 3
Non-qualified deferred compensation assets$49.5 $49.5 $— $— 
Total assets at fair value$49.5 $49.5 $— $— 
Non-qualified deferred compensation liabilities$(49.5)$(49.5)$— $— 
Foreign exchange contracts, net(2.0)— (2.0)— 
Interest rate contracts, net(20.0)— (20.0)— 
Total liabilities at fair value$(71.5)$(49.5)$(22.0)$— 
 Fair Value Measurements as of December 31, 2019
Asset (Liability)TotalLevel 1Level 2Level 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):
September 30, 2020December 31, 2019
Raw materials and purchased components$536.6 $344.6 
Service parts, garments and accessories320.6 357.0 
Finished goods420.8 476.2 
Less: reserves(64.5)(56.7)
Inventories$1,213.5 $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 September 30,Nine months ended September 30,
2020201920202019
Balance at beginning of period $134.2 $132.8 $136.2 $121.8 
Additions to reserve related to acquisitions— — — 8.8 
Additions charged to expense 37.2 31.4 91.2 94.3 
Warranty claims paid, net (30.8)(27.1)(86.8)(87.8)
Balance at end of period $140.6 $137.1 $140.6 $137.1 
Disaggregation of Revenue
The following tables disaggregate the Company’s revenue by major product type and geography (in millions):
Three months ended September 30, 2020
ORV / SnowmobilesMotorcyclesGlobal Adj. MarketsAftermarketBoatsTotal
Revenue by product type
Wholegoods$1,022.0

$137.7$86.1


$155.1$1,400.9
PG&A266.8

29.220.5$237.2

553.7
Total revenue $1,288.8

$166.9$106.6

$237.2

$155.1$1,954.6

Revenue by geography

United States$1,090.5$120.2$52.9$224.9$152.9$1,641.4
Canada89.66.10.212.32.2110.4
EMEA71.221.652.9145.7
APLA37.519.00.657.1
Total revenue $1,288.8$166.9$106.6$237.2$155.1$1,954.6
Three months ended September 30, 2019
ORV / SnowmobilesMotorcyclesGlobal Adj. MarketsAftermarketBoatsTotal
Revenue by product type
Wholegoods$950.0$127.4$92.3$119.1$1,288.8
PG&A202.422.521.7$236.2482.8
Total revenue $1,152.4$149.9$114.0$236.2$119.1$1,771.6
Revenue by geography
United States$964.1$105.5$60.9$224.1$117.2$1,471.8
Canada91.17.90.412.11.9113.4
EMEA63.421.752.3137.4
APLA33.814.80.449.0
Total revenue $1,152.4$149.9$114.0$236.2$119.1$1,771.6
Nine months ended September 30, 2020
ORV / SnowmobilesMotorcyclesGlobal Adj. MarketsAftermarketBoatsTotal
Revenue by product type
Wholegoods$2,404.0$365.8$225.9$441.8$3,437.5
PG&A661.469.056.9$646.81,434.1
Total revenue $3,065.4$434.8$282.8$646.8$441.8$4,871.6
Revenue by geography
United States$2,568.8$288.2$140.5$617.7$434.0$4,049.2
Canada194.414.91.829.17.8248.0
EMEA196.077.5137.8411.3
APLA106.254.22.7163.1
Total revenue $3,065.4$434.8$282.8$646.8$441.8$4,871.6
Nine months ended September 30, 2019
ORV / SnowmobilesMotorcyclesGlobal Adj. MarketsAftermarketBoatsTotal
Revenue by product type
Wholegoods$2,515.1$399.2$275.6$486.3$3,676.2
PG&A554.165.465.3$685.61,370.4
Total revenue $3,069.2$464.6$340.9$685.6$486.3$5,046.6
Revenue by geography
United States$2,544.8$293.6$170.7$654.9$475.3$4,139.3
Canada217.024.33.630.711.0286.6
EMEA207.9101.1164.6473.6
APLA99.545.62.0147.1
Total revenue $3,069.2$464.6$340.9$685.6$486.3$5,046.6