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Deferred Revenue (Tables)
 12 Months Ended
Dec. 31, 2016
Deferred Revenue.  
Schedule of deferred revenue

 

The deferred revenue liability as of December 31 is summarized as follows:

 

 

 

 

 

 

 

 

(in millions)

 

2016

 

2015

Current

 

$
18.8

 

$
18.1

Long-term

 

 
172.0

 

 
159.7

Deferred revenue

 

$
190.8

 

$
177.8

 

Expected costs of services to be performed under extended product warranty contracts are actuarially determined. Any expected costs in excess of the deferred revenue liability are recognized within accrued expenses.

 

Other Deferred Revenue

 

Other deferred revenue primarily relates to customer prepayments on sales within the Fluid Technologies segment. Other deferred revenue as of December 31 is summarized as follows:

 

 

 

 

 

 

 

 

(in millions)

 

2016

 

2015

Current

 

$
4.4

 

$
5.9

Long-term

 

 

 -

 

 

 -

Deferred revenue

 

$
4.4

 

$
5.9