v3.26.1
Product Support Liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Product Warranties Disclosures [Abstract]  
Changes in Product Support Liabilities, Warranty Reserves

Changes in product support liabilities are summarized as follows:

WARRANTY RESERVES

2026

 

 

2025

 

Balance at January 1

$

596.2

 

 

$

606.1

 

Cost accruals

 

254.4

 

 

 

334.2

 

Payments

 

(333.0

)

 

 

(406.4

)

Change in estimates for pre-existing warranties

 

71.4

 

 

 

59.6

 

Currency translation and other

 

(3.9

)

 

 

26.4

 

Balance at June 30

$

585.1

 

 

$

619.9

 

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

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS

 

2026

 

 

 

2025

 

Balance at January 1

$

1,411.1

 

 

$

1,302.2

 

Deferred revenues

 

360.9

 

 

 

357.7

 

Revenues recognized

 

(360.2

)

 

 

(330.4

)

Currency translation

 

(16.5

)

 

 

81.5

 

Balance at June 30

$

1,395.3

 

 

$

1,411.0