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Accrued Liabilities
 6 Months Ended
Jun. 30, 2019
Accrued Liabilities [Abstract]  
Accrued Liabilities
Note 6. Accrued Liabilities

Accrued liabilities as of June 30, 2019 and December 31, 2018 consisted of the following.


  
June 30,
2019
    
December 31,
2018
  
Salaries, wages and related fringe benefits
  
$
64.4
    
$
62.9
  
Restructuring
    
5.8
      
10.1
  
Taxes
    
21.5
      
24.3
  
Contract liabilities
    
60.6
      
69.6
  
Product warranty
    
23.4
      
23.9
  
Accrued interest
    
0.7
      
0.3
  
Operating lease liabilities(1)
    
17.5
      
—
  
Other
    
57.6
      
57.4
  
Total accrued liabilities
  
$
251.5
    
$
248.5
  

(1)
The Company adopted ASU 2016-02, Leases, on January 1, 2019 using the optional transition method.  See Note 1 “Condensed Consolidated Financial Statements” for further discussion of the adoption of ASU 2016-02 and Note 14 “Leases” for discussion of the Company’s operating and financing leases.


A reconciliation of the changes in the accrued product warranty liability for the three and six month periods ended June 30, 2019 and 2018 are as follows.


  
For the
Three Month
Period Ended
June 30,
2019
    
For the
Three Month
Period Ended
June 30,
2018
    
For the
Six Month
Period Ended
June 30,
2019
    
For the
Six Month
Period Ended
June 30,
2018
  
Balance at beginning of period
  
$
21.8
    
$
24.3
    
$
23.9
    
$
22.3
  
Product warranty accruals
    
7.8
      
5.5
      
14.6
      
11.6
  
Settlements
    
(6.3
)
    
(5.2
)
    
(15.1
)
    
(10.6
)
Charged to other accounts(1)
    
0.1
      
(0.7
)
    
—
      
0.6
  
Balance at end of period
  
$
23.4
    
$
23.9
    
$
23.4
    
$
23.9
  

(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.