Warranty

The Company estimates warranty expense on certain products at the time of sale. The following is a reconciliation of warranty reserves for the years ended July 31, 2019 and 2018 (in millions):



	Year Ended July 31,
	2019			2018
Balance at beginning of period	$	18.9		$	14.6
Accruals for warranties issued during the reporting period	2.5			8.3
Accruals related to pre-existing warranties (including changes in estimates)	(2.3		)	0.1
Less settlements made during the period	(7.9		)	(4.1		)
Balance at end of period	$	11.2		$	18.9

There were no material specific warranty matters accrued for or significant settlements made during the years ended July 31, 2019 and 2018. The Company’s warranty matters are not expected to have a material impact on the Company’s results of operations, liquidity or financial position.