Standard Product Warranties

6 Months Ended

Jun. 30, 2016

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 as well as 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 six months ended June 30, is as follows:

(in millions)	2016		2015
Balance at January 1	$	28.9	$	15.2
Current year provision		10.9		11.9
Current year claims		(14.6)		(9.8)
Balance at June 30,	$	25.2	$	17.3