Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021
Asset (Liability)	Total		Level 1		Level 2		Level 3
Non-qualified deferred compensation assets	$	48.4	$	48.4	$	—	$	—
Total assets at fair value	$	48.4	$	48.4	$	—	$	—
Non-qualified deferred compensation liabilities	$	(48.4)	$	(48.4)	$	—	$	—
Foreign exchange contracts, net	(2.5)		—		(2.5)		—
Interest rate contracts, net	(13.7)		—		(13.7)		—
Total liabilities at fair value	$	(64.6)	$	(48.4)	$	(16.2)	$	—
	Fair Value Measurements as of December 31, 2020
Asset (Liability)	Total		Level 1		Level 2		Level 3
Non-qualified deferred compensation assets	$	48.3	$	48.3	$	—	$	—
Total assets at fair value	$	48.3	$	48.3	$	—	$	—
Non-qualified deferred compensation liabilities	$	(48.3)	$	(48.3)	$	—	$	—
Foreign exchange contracts, net	(2.3)		—		(2.3)		—
Interest rate contracts, net	(18.1)		—		(18.1)		—
Total liabilities at fair value	$	(68.7)	$	(48.3)	$	(20.4)	$	—

Schedule of major components of inventories

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

	June 30, 2021		December 31, 2020
Raw materials and purchased components	$	679.5	$	533.5
Service parts, garments and accessories	350.8		330.5
Finished goods	560.7		381.3
Less: reserves	(76.1)		(67.7)
Inventories	$	1,514.9	$	1,177.6

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 June 30,				Six months ended June 30,
	2021		2020		2021		2020
Balance at beginning of period	$	139.9	$	132.8	$	140.8	$	136.2
Additions charged to expense	35.8		29.8		70.4		54.0
Warranty claims paid, net	(33.5)		(28.4)		(69.0)		(56.0)
Balance at end of period	$	142.2	$	134.2	$	142.2	$	134.2