Organization and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
Balance at beginning of year	$	172.9	$	132.9	$	138.6
Reductions to reserve related to divestitures	—		—		(2.1)
Additions charged to expense	209.1		183.5		130.4
Warranty claims paid, net	(200.9)		(143.5)		(134.0)
Balance at end of year	$	181.1	$	172.9	$	132.9

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, 2023		December 31, 2022
Assets
Non-qualified deferred compensation assets	Level 1	$	46.7	$	39.8
Foreign exchange contracts, net	Level 2	4.6		8.4
Interest rate contracts, net	Level 2	0.9		5.9
Liabilities
Non-qualified deferred compensation liabilities	Level 1	$	(46.7)	$	(39.8)
Commodity contracts, net	Level 2	(1.3)		—

Schedule of activity in the warranty reserve

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

	For the Years Ended December 31,
	2023		2022		2021
Balance at beginning of year	$	111.1	$	108.3	$	89.1
New contracts sold	49.1		49.1		55.0
Revenue recognized on existing contracts	(49.9)		(46.3)		(35.8)
Balance at end of year	$	110.3	$	111.1	$	108.3

The Company expects to recognize approximately $35.3 million of the unearned amount over the 12 months following December 31, 2023, compared to $35.5 million as of December 31, 2022. These amounts were recorded in accrued expenses in the consolidated balance sheets. The amount recorded in other long-term liabilities totaled $75.0 million and $75.6 million as of December 31, 2023 and 2022, respectively.