Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Accrued liabilities as of December 31, 2018 and 2017 consisted of the following:

	2018		2017
Salaries, wages, and related fringe benefits	$	62.9	$	97.3
Restructuring		10.1		6.5
Taxes		24.3		34.5
Contract liabilities⁽¹⁾		69.6		42.7
Product warranty		23.9		22.3
Accrued interest		0.3		0.8
Other		57.4		67.1
Total accrued liabilities	$	248.5	$	271.2

⁽¹⁾

For purposes of comparability, “Advance payments on sales contracts” as of December 31, 2017 was reclassified to “Contract liabilities.” See Note 14 “Revenue from Contracts with Customers” for an explanation of the Contract liabilities account included in “Accrued liabilities” in the Consolidated Balance Sheets.

Accrued Product Warranty Liability

A reconciliation of the changes in the accrued product warranty liability for the years ended December 31, 2018 and 2017 are as follows.

	2018			2017
Beginning balance	$	22.3		$	21.7
Product warranty accruals		25.6			24.1
Settlements		(24.6	)		(25.0	)
Charged to other accounts ⁽¹⁾		0.6			1.5
Ending balance	$	23.9		$	22.3

⁽¹⁾

Includes primarily the effects of foreign currency translation adjustments for the Company’s subsidiaries with functional currencies other than the USD and changes in the accrual related to acquisitions or divestitures of businesses.