Product-Related Liabilities

3 Months Ended

Mar. 31, 2015

Product-Related Liabilities

8 Product-Related Liabilities

The Company has reserves for product risks. Such reserves are related to product performance issues including recall, product liability and warranty issues. For further explanation, see Note 11 Contingent Liabilities below.

The table below summarizes the change in the balance sheet position of the product-related liabilities. The provisions for the three months ended March 31, 2015 mainly relate to warranty related issues. The cash paid for the three months ended March 31, 2015 mainly relate to warranty related issues. The provisions and cash paid for the three months ended March 31, 2014 mainly related to warranty related issues.

	Three months ended
	March 31, 2015			March 31, 2014
Reserve at beginning of the period	$	51.3		$	36.4
Change in reserve		1.8			7.3
Cash payments		(4.5	)		(2.7	)
Translation difference		(1.4	)		(0.2	)
Reserve at end of the period	$	47.2		$	40.8