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Product Warranty (Tables)
 6 Months Ended
Jun. 30, 2014
Product Warranties Disclosures [Abstract]  
Schedule of Product Warranty Liability
The following table summarizes the activity in the product warranty accrual accounts:

(millions of dollars)
2014
 
2013
Beginning balance, January 1
$
72.7

 
$
64.9

Provisions
15.9

 
21.0

Acquisition(a)
22.8

 
—

Payments
(16.9
)
 
(18.2
)
Translation adjustment
—

 
(1.2
)
Ending balance, June 30
$
94.5

 
$
66.5


____________________________________
(a)
The Company has recorded a $12.4 million insurance receivable related to the $22.8 million liability, which is classified in the Condensed Consolidated Balance Sheet in Investments and advances.

The product warranty liability is classified in the Condensed Consolidated Balance Sheets as follows:
 
June 30,
 
December 31,
(millions of dollars)
2014
 
2013
Accounts payable and accrued expenses
$
35.9

 
$
38.4

Other non-current liabilities
58.6

 
34.3

Total product warranty liability
$
94.5

 
$
72.7