Product-Related Liabilities

9 Months Ended

Sep. 30, 2017

Product Warranties Disclosures [Abstract]

10 Product-Related Liabilities

The Company has reserves for product risks. Such reserves are related to product performance issues including recalls, product liability and warranty issues. For further explanation, see Note 13 Contingent Liabilities below.

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 September 30, 2017 mainly related to warranty related issues. The provisions for the nine months ended September 30, 2017 mainly related to warranty related issues and the cash paid for the nine months ended September 30, 2017 mainly related to recall related issues. The provisions and cash paid for the three and nine months ended September 30, 2016 mainly related to warranty related issues. The increase in the reserve balance as of September 30, 2017 compared to the prior year is mainly due to recall related issues in the fourth quarter of 2016, a majority of which were covered by insurance. Insurance receivables are included within Other current assets in the Condensed Consolidated Balance Sheet.

	Three months ended						Nine months ended
	September 30, 2017			September 30, 2016			September 30, 2017			September 30, 2016
Reserve at beginning of the period	$	112.4		$	68.3		$	120.1		$	60.8
Change in reserve		5.3			9.9			16.0			27.2
Cash payments		(8.6	)		(12.9	)		(28.9	)		(23.4	)
Translation difference		0.4			0.0			2.3			0.7
Reserve at end of the period	$	109.5		$	65.3		$	109.5		$	65.3