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Product-Related Liabilities (Tables)
3 Months Ended
Mar. 31, 2017
Product Warranties Disclosures [Abstract]  
Schedule of Change in Balance Sheet Position of Product-Related Liabilities

The table below summarizes the change in the balance sheet position of the product-related liabilities. The provisions and cash paid for the three months ended March 31, 2017 mainly related to recall issues and the provisions and cash paid for the three months ended March 31, 2016 mainly related to warranty related issues. The increase in the reserve balance compared to prior year is mainly due to 2016 recall related issues, whereof a majority of which is covered by insurance.

 

 

 

Three months ended

 

 

 

 

March 31,

2017

 

 

March 31,

2016

 

 

Reserve at beginning of the period

 

$

120.1

 

 

$

60.8

 

 

Change in reserve

 

 

7.1

 

 

 

4.0

 

 

Cash payments

 

 

(10.5

)

 

 

(3.6

)

 

Translation difference

 

 

1.0

 

 

 

0.6

 

 

Reserve at end of the period

 

$

117.7

 

 

$

61.8