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Product Warranty (Tables)
 12 Months Ended
Dec. 31, 2014
Product Warranties Disclosures [Abstract]  
Product warranty liability [Text Block]
The changes in the carrying amount of the Company’s total product warranty liability for the years ended December 31, 2014 and 2013 were as follows:

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

 
$
64.9

Provisions
47.8

 
43.1

Acquisition*
64.9

 
—

Payments
(42.0
)
 
(36.7
)
Translation adjustment
(11.4
)
 
1.4

Ending balance, December 31
$
132.0

 
$
72.7


____________________________________
*
Acquisition relates to the Company's 2014 purchase of Gustav Wahler GmbH u. Co. KG and its general partner. The Company recorded a $41.1 million receivable related to the $64.9 million liability, which is classified in the Consolidated Balance Sheet in Receivables, net.

The product warranty liability is classified in the Consolidated Balance Sheets as follows:
 
December 31,
(millions of dollars)
2014
 
2013
Accounts payable and accrued expenses
$
91.9

 
$
38.4

Other non-current liabilities
40.1

 
34.3

Total product warranty liability
$
132.0

 
$
72.7