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Product Warranty (Tables)
 12 Months Ended
Dec. 31, 2016
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, 2016 and 2015 were as follows:
(millions of dollars)
2016
 
2015
Beginning balance, January 1
$
107.9

 
$
132.0

Provisions
62.2

 
28.6

Acquisitions
6.9

 
12.3

Dispositions
(9.1
)
 
—

Payments
(70.1
)
 
(54.7
)
Translation adjustment
(2.5
)
 
(10.3
)
Ending balance, December 31
$
95.3

 
$
107.9



Acquisition activity in 2016 of $6.9 million relates to the Company's accrual for product issues that pre-dated the Company's 2015 acquisition of Remy. Disposition activity in 2016 of $9.1 million relates to the sale of the Remy light vehicle aftermarket business.

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.

The Company’s warranty provision as a percentage of net sales has increased from 0.4% as of December 31, 2015 to 0.7% as of December 31, 2016. This change is primarily related to the Company’s fourth quarter 2015 acquisition of Remy. Furthermore, the Company's 2016 provision includes a $5.2 million warranty reversal related to the expiration of a Remy light vehicle aftermarket customer contract.

The product warranty liability is classified in the Consolidated Balance Sheets as follows:
 
December 31,
(millions of dollars)
2016
 
2015
Accounts payable and accrued expenses
$
63.9

 
$
70.6

Other non-current liabilities
31.4

 
37.3

Total product warranty liability
$
95.3

 
$
107.9