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Product Warranties
 9 Months Ended
Sep. 30, 2019
Product Warranties Disclosures [Abstract]  
PRODUCT WARRANTIES PRODUCT WARRANTIES
Changes in the Company’s accrual for product warranty claims during the first nine months of 2019 and 2018, including customer satisfaction settlements, were as follows:
(Thousands of dollars)
 
 
 
 
2019
 
2018
Balance at January 1
$
57,067

 
$
151,425

Charges to expense
24,123

 
22,148

Settlements
(28,054
)
 
(39,933
)
Acquisition, divestiture and other adjustments


 
(66,236
)
Balance at September 30
$
53,136

 
$
67,404


The decrease in the accrual for product warranty claims in the nine months ended September 30, 2018 was primarily due to the divestiture of the furniture protection plan business in the third quarter of 2018. For further details on the Company’s accrual for product warranty claims, see Note 1 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.