Accrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2014

Accrued Expenses and Other Liabilities [Abstract]

Accrued Expenses and Other Liabilities [Text Block]

8. Accrued Expenses and Other Liabilities

The following table details the major components of other accrued expenses:



	December 31, 2014		December 31, 2013
Warranty	$	46,704	$	39,824
Unearned/deferred revenue	20,678		22,839
Taxes other than income	28,452		34,229
Accrued interest	31,318		31,738
Accrued volume discounts	16,352		16,909
Accrued commissions (non-employee)	12,799		11,151
Restructuring and exit	22,021		4,986
Legal and environmental	7,868		4,967
Other (none of which are individually significant) ⁽¹⁾	80,085		52,966
	$	266,277	$	219,609

The following table details the major components of other liabilities (non-current):



	December 31, 2014		December 31, 2013
Deferred compensation ⁽²⁾	$	323,105	$	321,736
Unrecognized tax benefits	94,875		97,920
Unearned/deferred revenue	8,599		7,751
Legal and environmental	31,841		35,145
Warranty	2,684		3,100
Restructuring and exit	—		356
Other (none of which are individually significant) ⁽¹⁾	21,236		42,856
	$	482,340	$	508,864


(1)	The liability relating to the Company's cumulative loss of $15,567 on the Swiss franc cross-currency swap was reclassified from other liabilities to other accrued expenses at December 31, 2014 in anticipation of the settlement of this net investment hedge when it expires on October 15, 2015. See Note 11 Financial Instruments.


(2)	Deferred compensation includes $229,128 and $232,669 at December 31, 2014 and 2013, respectively, for liabilities related to defined benefit and other postretirement benefit plans. See Note 15 Employee Benefit Plans.

Warranty

Estimated warranty program claims are provided for at the time of sale. Amounts provided for are based on historical costs and adjusted for new claims. The changes in the carrying amount of product warranties through December 31, 2014 and 2013 are as follows:



	2014			2013
Beginning Balance, January 1	$	42,924		$	39,554
Provision for warranties	60,833			52,943
Settlements made	(56,746		)	(49,101		)
Other adjustments, including acquisitions and currency translation	2,377			(472		)
Ending balance, December 31	$	49,388		$	42,924