Product Support Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Product Warranties Disclosures [Abstract]

Changes in Product Support Liabilities, Warranty Reserves

Changes in product support liabilities are summarized as follows:
WARRANTY RESERVES	2016			2015			2014
Balance at January 1	$	346.2		$	310.8		$	218.7
Cost accruals		211.9			294.8			302.6
Payments		(255.7	)		(228.8	)		(210.5	)
Change in estimates for pre-existing warranties		(7.3	)		(21.3	)		16.1
Currency translation		(13.0	)		(9.3	)		(16.1	)
Balance at December 31	$	282.1		$	346.2		$	310.8

Changes in Product Support Liabilities, Deferred Revenues on Extended Warranties and R&M Contracts

Changes in product support liabilities are summarized as follows:
DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS	2016			2015			2014
Balance at January 1	$	524.8		$	462.0		$	411.8
Deferred revenues		347.6			333.0			323.7
Revenues recognized		(274.3	)		(248.4	)		(246.1	)
Currency translation		(24.6	)		(21.8	)		(27.4	)
Balance at December 31	$	573.5		$	524.8		$	462.0

Product Support Liabilities

Product support liabilities are included in the accompanying Consolidated Balance Sheets as follows:

	WARRANTY RESERVES				DEFERRED REVENUES
At December 31,	2016		2015		2016		2015
Truck, Parts and Other:
Accounts payable, accrued expenses and other	$	181.4	$	241.6	$	162.8	$	142.5
Other liabilities		100.7		104.6		395.7		368.2
Financial Services:
Deferred taxes and other liabilities						15.0		14.1
	$	282.1	$	346.2	$	573.5	$	524.8