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Accrued Expenses
 12 Months Ended
Dec. 31, 2017
Payables and Accruals [Abstract]  
Accrued Expenses —Accrued Expenses
 
The components of accrued expenses as of December 31 follows:
(in millions)
 
2017
 
2016
Compensation and benefits
 
$
104.1

 
$
97.9

Customer incentives
 
70.7

 
58.1

Standard product warranties
 
30.9

 
29.5

Income and other accrued taxes
 
19.4

 
14.2

Other accrued expenses
 
53.3

 
47.0

Accrued expenses
 
$
278.4

 
$
246.7


 
Standard Product Warranties
 
The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems, high-performance cables and assemblies, fluid technologies, braking products and foodservice equipment. The Company’s liability for such warranty programs is included in accrued expenses. The change in the Company’s standard product warranty liabilities as of December 31 follows:
(in millions)
 
2017
 
2016
Balance as of January 1
 
$
29.5

 
$
28.9

Current year provision
 
16.8

 
23.7

Acquired warranty obligation
 
0.1

 
—

Current year claims
 
(16.5
)
 
(22.9
)
Current year foreign exchange
 
1.0

 
(0.2
)
Balance as of December 31
 
$
30.9

 
$
29.5