Screener
Toro Company TTC Standard Product Warranty Accrual
Standard Product Warranty Accrual at other companies
Other financials
Where this comes from
Reported directly by Toro Company in its filing.
Tagged under the XBRL concept us-gaap:StandardProductWarrantyAccrual.
The source filing: Toro Company’s 10-Q, filed June 4, 2026.
- Filed
- Jun 4, 2026, 12:19 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000737758-26-000018
| (Dollars in millions) | Three Months Ended / May 1, 2026 | Three Months Ended / May 2, 2025 | Six Months Ended / May 1, 2026 | Six Months Ended / May 2, 2025 |
|---|---|---|---|---|
| Beginning balance | $152.0 | $151.0 | $152.2 | $150.2 |
| Changes in accrual related to warranties issued during the period | 29.1 | 26.6 | 50.6 | 44.9 |
| Payments made during the period | (22.7) | (22.1) | (44.7) | (40.9) |
| Changes in accrual related to pre-existing warranties | 6.1 | 0.3 | 6.4 | 1.6 |
| Ending balance | $164.5 | $155.8 | $164.5 | $155.8 |
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Toro Company's standard product warranty accrual?
- Toro Company (TTC) reported standard product warranty accrual of $164.5M in Q1 2026.
- How has Toro Company's standard product warranty accrual changed year-over-year?
- Toro Company's standard product warranty accrual increased by 5.6% year-over-year, from $155.8M to $164.5M.
- What is the long-term trend for Toro Company's standard product warranty accrual?
- Over 5 years (2020 to 2025), Toro Company's standard product warranty accrual has grown at a 7.3% compound annual growth rate (CAGR), from $107.12M to $152.2M.
- What does standard product warranty accrual mean?
- This is the estimated liability for future warranty claims on products already sold. It is based on historical claim rates and expected costs to repair or replace defective goods. This accrual ensures that the cost of the warranty is matched to the period in which the revenue was recognized.
Ask your AI about Toro Company's standard product warranty accrual.
Connect your AI assistant and compare it to peers, right in your chat.
Connect your AI
Claude