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Product Warranty (Tables)
 12 Months Ended
Dec. 31, 2015
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, 2015 and 2014 were as follows:
(millions of dollars)
2015
 
2014
Beginning balance, January 1
$
132.0

 
$
72.7

Provisions
28.6

 
47.8

Acquisitions
12.3

 
64.9

Payments
(54.7
)
 
(42.0
)
Translation adjustment
(10.3
)
 
(11.4
)
Ending balance, December 31
$
107.9

 
$
132.0



Acquisitions activity in 2015 of $12.3 million, relates to $29.4 million in warranty liability associated with the Company's purchase of Remy, partially offset by $17.1 million related to a significant settled warranty claim associated with a product issue that pre-dated the Company's 2014 acquisition of Gustav Wahler GmbH u. Co. KG and its general partner ("Wahler"). Including the impact of the reversal of a corresponding receivable, the Wahler settlement had an immaterial impact on the Consolidated Balance Sheet at December 31, 2015 and Consolidated Statement of Operations for the year ended December 31, 2015.

Acquisition activity in 2014 relates to the Company's 2014 purchase of Wahler. The Company recorded a $41.1 million receivable related to the $64.9 million liability, which was 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)
2015
 
2014
Accounts payable and accrued expenses
$
70.6

 
$
91.9

Other non-current liabilities
37.3

 
40.1

Total product warranty liability
$
107.9

 
$
132.0