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Product Warranty (Tables) | 9 Months Ended
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Sep. 30, 2015
Product Warranties Disclosures [Abstract] |
Schedule of Product Warranty Liability | The following table summarizes the activity in the product warranty accrual accounts:
(in millions) | 2015 |  | 2014
Beginning balance, January 1 | $ | 132.0 |  |  | $ | 72.7 |
Provisions | 14.0 |  |  | 27.7 |
Acquisition* | (17.1 | ) |  | 64.9 |
Payments | (39.5 | ) |  | (32.4 | )
Translation adjustment | (8.1 | ) |  | (4.6 | )
Ending balance, September 30 | $ | 81.3 |  |  | $ | 128.3 |
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* | The 2014 acquisition relates to the Company's 2014 purchase of Gustav Wahler GmbH u. Co. KG and its general partner. In the fourth quarter of 2014, a measurement period adjustment of $42.1 million was made to increase the fair value of the warranty liability at the acquisition date, see Note 7 "Product Warranty" to the Company's Annual Report on Form 10-K for the year ended December 31, 2014 for additional details. In the second quarter of 2015, the Company settled a significant warranty claim associated with a product issue that pre-dated the Company's acquisition of Gustav Wahler GmbH u. Co. KG. Including the impact of the reversal of a corresponding receivable, this settlement had an immaterial impact on the Condensed Consolidated Balance Sheet at September 30, 2015 and Condensed Consolidated Statements of Operations for the nine months ended September 30, 2015.
The product warranty liability is classified in the Condensed Consolidated Balance Sheets as follows:
| September 30, |  | December 31,
(in millions) | 2015 |  | 2014
Accounts payable and accrued expenses | $ | 51.2 |  |  | $ | 91.9 |
Other non-current liabilities | 30.1 |  |  | 40.1 |
Total product warranty liability | $ | 81.3 |  |  | $ | 132.0 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249 + Details
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