v3.25.2
Product Support Liabilities (Tables)
6 Months Ended
Jun. 30, 2025
Product Warranties Disclosures [Abstract]  
Changes in Product Support Liabilities, Warranty Reserves

Changes in product support liabilities are summarized as follows:

WARRANTY RESERVES

2025

 

 

2024

 

Balance at January 1

$

606.1

 

 

$

767.0

 

Cost accruals

 

334.2

 

 

 

312.9

 

Payments

 

(406.4

)

 

 

(440.2

)

Change in estimates for pre-existing warranties

 

59.6

 

 

 

55.1

 

Currency translation and other

 

26.4

 

 

 

(8.7

)

Balance at June 30

$

619.9

 

 

$

686.1

 

Changes in Deferred Revenues on Extended Warranties and R&M Contracts

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS

 

2025

 

 

 

2024

 

Balance at January 1

$

1,302.2

 

 

$

1,229.1

 

Deferred revenues

 

357.7

 

 

 

354.0

 

Revenues recognized

 

(330.4

)

 

 

(285.0

)

Currency translation

 

81.5

 

 

 

(16.0

)

Balance at June 30

$

1,411.0

 

 

$

1,282.1