Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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 September 30, 2021
Asset (Liability)	Total		Level 1		Level 2		Level 3
Non-qualified deferred compensation assets	$	50.6	$	50.6	$	—	$	—
Total assets at fair value	$	50.6	$	50.6	$	—	$	—
Non-qualified deferred compensation liabilities	$	(50.6)	$	(50.6)	$	—	$	—
Foreign exchange contracts, net	(0.8)		—		(0.8)		—
Interest rate contracts, net	(12.2)		—		(12.2)		—
Total liabilities at fair value	$	(63.6)	$	(50.6)	$	(13.0)	$	—
	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):

	September 30, 2021		December 31, 2020
Raw materials and purchased components	$	759.5	$	533.5
Service parts, garments and accessories	397.4		330.5
Finished goods	697.4		381.3
Less: reserves	(80.7)		(67.7)
Inventories	$	1,773.6	$	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 September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Balance at beginning of period	$	142.2	$	134.2	$	140.8	$	136.2
Additions charged to expense	26.9		37.2		97.3		91.2
Warranty claims paid, net	(32.0)		(30.8)		(101.0)		(86.8)
Balance at end of period	$	137.1	$	140.6	$	137.1	$	140.6