Product-Related Liabilities

3 Months Ended

Mar. 31, 2018

Product Warranties Disclosures [Abstract]

Product-Related Liabilities

11. 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 14. Contingent Liabilities below.

The table below summarizes the change in the balance sheet position of the product-related liabilities. For the three months ended March 31, 2018, provisions mainly related to warranty related issues and the cash paid mainly related to recall related issues. The provisions and cash paid for the three months ended March 31, 2017 mainly related to recall related issues. The decrease in the reserve balance as of March 31, 2018 compared to the prior year was mainly due to cash payments. Insurance receivables are included within Other current assets in the Condensed Consolidated Balance Sheets.

	Three months ended
	March 31, 2018			March 31, 2017
Reserve at beginning of the period	$	117.7		$	120.1
Change in reserve		5.4			7.1
Cash payments		(20.4	)		(10.5	)
Translation difference		0.8			1.0
Reserve at end of the period	$	103.5		$	117.7