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Standard Product Warranties
 9 Months Ended
Sep. 30, 2015
Standard Product Warranties  
Standard Product Warranties

Note 15—Standard Product Warranties

 

The Company offers various warranty programs on its products included in the price of its products, primarily for certain installed roofing systems, high-performance cables and assemblies, fluid technologies, braking products, and foodservice equipment.  The Company’s liability for such warranty programs is included in Accrued expenses.  The change in the Company’s product warranty liabilities for the nine months ended September 30 was as follows:

 

(in millions)

 

2015

 

2014

 

Balance at January 1

 

$
15.2

 

$
14.3

 

Current year provision

 
18.9

 
15.7

 

Acquired warranty obligation

 
1.1

 

—

 

Current year claims

 
(13.2

)
(14.1

)

 

 

 

 

 

 

Balance at September 30

 

$
22.0

 

$
15.9