Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Components of 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

Schedule of change in aggregate product warranty liabilities

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