XML 39 R14.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Product Warranty | 6 Months Ended
--- | ---
Jun. 30, 2018
Product Warranties Disclosures [Abstract] |
Product Warranty | Product Warranty The Company provides warranties on some, but not all, of its products. The warranty terms are typically from one to three years. Provisions for estimated expenses related to product warranty are made at the time products are sold. These estimates are established using historical information about the nature, frequency and average cost of warranty claim settlements as well as product manufacturing and industry developments and recoveries from third parties. Management actively studies trends of warranty claims and takes action to improve product quality and minimize warranty claims. Management believes that the warranty accrual is appropriate; however, actual claims incurred could differ from the original estimates, requiring adjustments to the accrual. The following table summarizes the activity in the product warranty accrual accounts:
(in millions) | 2018 |  | 2017
Beginning balance, January 1 | $ | 111.5 |  |  | $ | 95.3 |
Provisions | 35.3 |  |  | 43.9 |
Acquisition | 0.2 |  |  | — |
Payments | (29.8 | ) |  | (32.2 | )
Translation adjustment | (2.5 | ) |  | 3.9 |
Ending balance, June 30 | $ | 114.7 |  |  | $ | 110.9 |
In the six months ended June 30, 2018, warranty provisions decreased by $8.6 million from the same period in 2017 as the result of fewer product defect claims from customers in the Company's Engine segment. The product warranty liability is classified in the Condensed Consolidated Balance Sheets as follows:
| June 30, |  | December 31,
(in millions) | 2018 |  | 2017
Accounts payable and accrued expenses | $ | 67.9 |  |  | $ | 69.0 |
Other non-current liabilities | 46.8 |  |  | 42.5 |
Total product warranty liability | $ | 114.7 |  |  | $ | 111.5 |

X
- References No definition available. + Details
Name: | us-gaap_ProductWarrantiesDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
Name: | us-gaap_ProductWarrantyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration