Product Warranty (Tables)

3 Months Ended

Mar. 31, 2015

Product Warranties Disclosures [Abstract]

Schedule of Product Warranty Liability

The following table summarizes the activity in the product warranty accrual accounts:

(in millions)	2015			2014
Beginning balance, January 1	$	132.0		$	72.7
Provisions	6.3			5.0
Acquisition*	—			64.9
Payments	(8.2		)	(7.3		)
Translation adjustment	(19.3		)	—
Ending balance, March 31	$	110.8		$	135.3

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* The 2014 acquisition relates to the Company's 2014 purchase of Gustav Wahler GmbH u. Co. KG and its general partner. In the fourth quarter of 2014, a measurement period adjustment of $42.1 million was made to increase the fair value of the warranty liability at the acquisition date, see Note 7 "Product Warranty" to the Company's Annual Report on Form 10-K for the year ended December 31, 2014 for additional details.

The product warranty liability is classified in the Condensed Consolidated Balance Sheets as follows:

	March 31,		December 31,
(in millions)	2015		2014
Accounts payable and accrued expenses	$	78.5	$	91.9
Other non-current liabilities	32.3		40.1
Total product warranty liability	$	110.8	$	132.0