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Product Warranty (Tables) | 3 Months Ended
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Mar. 31, 2016
Product Warranties Disclosures [Abstract] |
Schedule of Product Warranty Liability | The following table summarizes the activity in the product warranty accrual accounts:
(in millions) | 2016 |  | 2015
Beginning balance, January 1 | $ | 107.9 |  |  | $ | 132.0 |
Provisions | 24.6 |  |  | 6.3 |
Payments | (19.0 | ) |  | (8.2 | )
Translation adjustment | 2.9 |  |  | (19.3 | )
Ending balance, March 31 | $ | 116.4 |  |  | $ | 110.8 |
The Company’s warranty provision as a percentage of net sales has increased from 0.3% as of March 31, 2015 to 1.1% as of March 31, 2016. This change is primarily related to the Company’s fourth quarter 2015 acquisition of Remy. The product warranty liability is classified in the Condensed Consolidated Balance Sheets as follows:
| March 31, |  | December 31,
(in millions) | 2016 |  | 2015
Accounts payable and accrued expenses | $ | 72.5 |  |  | $ | 70.6 |
Other non-current liabilities | 43.9 |  |  | 37.3 |
Total product warranty liability | $ | 116.4 |  |  | $ | 107.9 |

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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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