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Accrued Expenses | 12 Months Ended
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Dec. 31, 2017
Payables and Accruals [Abstract] |
Accrued Expenses | —Accrued Expenses The components of accrued expenses as of December 31 follows:
(in millions) |  | 2017 |  | 2016
Compensation and benefits |  | $ | 104.1 |  |  | $ | 97.9 |
Customer incentives |  | 70.7 |  |  | 58.1 |
Standard product warranties |  | 30.9 |  |  | 29.5 |
Income and other accrued taxes |  | 19.4 |  |  | 14.2 |
Other accrued expenses |  | 53.3 |  |  | 47.0 |
Accrued expenses |  | $ | 278.4 |  |  | $ | 246.7 |
Standard Product Warranties The Company offers various standard 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 the Company’s standard product warranty liabilities as of December 31 follows:
(in millions) |  | 2017 |  | 2016
Balance as of January 1 |  | $ | 29.5 |  |  | $ | 28.9 |
Current year provision |  | 16.8 |  |  | 23.7 |
Acquired warranty obligation |  | 0.1 |  |  | — |
Current year claims |  | (16.5 | ) |  | (22.9 | )
Current year foreign exchange |  | 1.0 |  |  | (0.2 | )
Balance as of December 31 |  | $ | 30.9 |  |  | $ | 29.5 |

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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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