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Accrued Expenses | 12 Months Ended
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Dec. 31, 2016
Accrued Expenses. |
Accrued Expenses | Note 15—Accrued Expenses The components of accrued expenses at December 31 were as follows:
(in millions) |  | 2016 |  | 2015
Compensation and benefits |  | $ | 97.9 |  | $ | 75.2
Customer incentives |  |  | 58.1 |  |  | 54.7
Standard product warranties |  |  | 29.5 |  |  | 28.9
Income and other accrued taxes |  |  | 14.2 |  |  | 18.5
Other accrued expenses |  |  | 47.0 |  |  | 42.1
|  | $ | 246.7 |  | $ | 219.4
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 period ended December 31 is as follows:
(in millions) |  | 2016 |  | 2015
Balance at January 1 |  | $ | 28.9 |  | $ | 15.2
Current year provision |  |  | 23.7 |  |  | 30.2
Acquired warranty obligation |  |  | - |  |  | 1.1
Current year claims |  |  | (22.9) |  |  | (17.6)
Current year foreign exchange |  |  | (0.2) |  |  | -
Balance at December 31 |  | $ | 29.5 |  | $ | 28.9

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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