Standard Product Warranties

12 Months Ended

Dec. 31, 2015

Standard Product Warranties

Standard Product Warranties

Note 15—Standard Product Warranties

        The Company offers various warranty programs on its products included in the price of 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 product warranty liabilities for the period ended December 31 is as follows:

(in millions)	2015			2014
Balance at January 1	$	15.2		$	14.3
Current year provision		30.2			21.1
Acquired warranty obligation		1.1			—
Current year claims		(17.6	)		(20.2	)
Balance at December 31	$	28.9		$	15.2