Warranty

The Company estimates warranty expense on certain products at the time of sale. The following is a reconciliation of warranty reserves, included in other current liabilities and other long-term liabilities, for the three months ended October 31, 2017 and 2016 (in millions):



	Three Months Ended October 31,
	2017			2016
Balance at beginning of period	$	14.6		$	11.9
Accruals for warranties issued during the reporting period	0.7			0.7
Accruals related to pre-existing warranties (including changes in estimates)	0.9			3.8
Less: settlements made during the period	(0.5		)	(1.0		)
Balance at end of period	$	15.7		$	15.4

There were no material specific warranty matters accrued for or significant settlements made in the three months ended October 31, 2017 or 2016. The Company’s warranty matters are not expected to have a material impact on the Company's results of operations, liquidity or financial position.