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Product Warranties
 3 Months Ended
Mar. 31, 2014
Product Warranties
11. Product Warranties

We generally record warranty expense at the time of sale. We offer our customers various warranty terms based on the type of product that is sold. Warranty expense is determined based on historic claim experience and the nature of the product category. The following table summarizes activity related to our product warranty liability for the three months ended March 31, 2014 and 2013, respectively.

 

     Three Months Ended March 31,  
(In millions)    2014     2013  

Reserve balance at January 1,

    $ 15.2      $ 14.3   

Provision for warranties issued

      5.2        3.9   

Settlements made (in cash or in kind)

      (5.3 )      (4.2 ) 
  

 

 

    

 

 

  

Reserve balance at March 31,

    $ 15.1      $ 14.0