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Accrued Expenses
 12 Months Ended
Dec. 31, 2014
Payables and Accruals [Abstract]  
Accrued Expenses
Accrued Expenses
Accrued expenses and other current liabilities consist of the following:
 
December 31,
 
2014
 
2013
 
(In millions)
Accrued salaries, wages and benefits
$
25.4

 
$
22.2

Advance billings
28.4

 
20.4

Current portion of long-term debt
9.4

 
4.4

Warranty accrual
6.9

 
5.4

Interest payable
5.2

 
5.6

Current portion of other post-retirement liabilities
1.6

 
1.7

Taxes, income and other
—

 
2.9

Other
26.7

 
23.4

Total
$
103.6

 
$
86.0


Substantially all advance billings relate to the Company’s industrial equipment business unit. Warranty liabilities are primarily associated with the Company’s industrial equipment business unit and the fluid routing solutions business.
The Company estimates the amount of warranty claims on sold products that may be incurred based on current and historical data. The actual warranty expense could differ from the estimates made by the Company based on product performance. The following table presents the changes in the Company’s product warranty liability for the years ended December 31, 2014, 2013, and 2012: 
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(In millions)
Balance at January 1,
$
5.4

 
$
6.9

 
$
4.2

Claims paid during the year
(2.9
)
 
(6.4
)
 
(6.0
)
Warranty expense
4.0

 
4.9

 
5.4

Acquired warranty liabilities
0.4

 
—

 
3.3

Balance at December 31,
$
6.9

 
$
5.4

 
$
6.9