5. Product Warranty Liability

6 Months Ended

Jun. 30, 2015

Product Warranties Disclosures [Abstract]

5.PRODUCT WARRANTY LIABILITY

We warrant certain equipment against defects in design, materials and workmanship, generally for a period of one year. Upon delivery of that equipment, we establish, as part of Cost of goods sold, a provision for the expected costs of such warranty based on historical experience, specific warranty terms and customer feedback. A review is performed on a quarterly basis to assess the adequacy of our warranty accrual.

Components of the warranty accrual, included in Other current liabilities and Other long-term liabilities in the Condensed Consolidated Balance Sheets, were as follows (in millions):



January 1, 2015	$	17.8
Provision for warranty	15.5
Actual warranty costs	(16.4		)
June 30, 2015	$	16.9