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Accrued Expenses | 3 Months Ended
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Mar. 31, 2017
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued Expenses The components of accrued expenses were as follows:
(in millions) |  | March 31, 2017 |  | December 31, 2016
Compensation and benefits |  | $ | 70.4 |  |  | $ | 97.9 |
Standard product warranties |  | 30.3 |  |  | 29.5 |
Customer incentives |  | 28.2 |  |  | 58.1 |
Income and other accrued taxes |  | 19.6 |  |  | 14.2 |
Other accrued expenses |  | 39.9 |  |  | 47.0 |
Accrued expenses |  | $ | 188.4 |  |  | $ | 246.7 |
Standard product warranties The Company offers various warranty programs on 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 standard product warranty liabilities for the three months ended March 31, were as follows:
(in millions) |  | 2017 |  | 2016
Balance at January 1 |  | $ | 29.5 |  |  | $ | 28.9 |
Current year provision |  | 4.4 |  |  | 6.1 |
Acquired warranty obligation |  | 0.1 |  |  | — |
Current year claims |  | (3.8 | ) |  | (4.4 | )
Currency translation |  | 0.1 |  |  | — |
Balance at March 31 |  | $ | 30.3 |  |  | $ | 30.6 |

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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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- References No definition available. + Details
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