Organization and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Activity in the limited warranty reserve

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

	For the Years Ended December 31,
	2022		2021		2020
Balance at beginning of year	$	132.9	$	138.6	$	134.0
Reductions to reserve related to divestitures	—		(2.1)		—
Additions charged to expense	183.5		130.4		123.7
Warranty claims paid, net	(143.5)		(134.0)		(119.1)
Balance at end of year	$	172.9	$	132.9	$	138.6

Schedule of assets and liabilities measured at fair value on a recurring basis

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

	Input Level	December 31, 2022		December 31, 2021
Assets
Non-qualified deferred compensation assets	Level 1	$	39.8	$	52.4
Foreign exchange contracts, net	Level 2	8.4		2.1
Interest rate contracts, net	Level 2	5.9		—
Liabilities
Non-qualified deferred compensation liabilities	Level 1	$	(39.8)	$	(52.4)
Interest rate contracts, net	Level 2	—		(7.8)

Schedule of activity in the warranty reserve

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

	For the Years Ended December 31,
	2022		2021		2020
Balance at beginning of year	$	108.3	$	89.1	$	63.1
New contracts sold	49.1		55.0		49.0
Revenue recognized on existing contracts	(46.3)		(35.8)		(23.0)
Balance at end of year	$	111.1	$	108.3	$	89.1

The unamortized ESC premiums recorded in other current liabilities totaled $35.5 million and $34.7 million as of December 31, 2022 and 2021, respectively, while the amount recorded in other long-term liabilities totaled $75.6 million and $73.6 million as of December 31, 2022 and 2021, respectively.