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Product Warranties
3 Months Ended
Mar. 31, 2017
Product Warranties
13. 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, 2017 and 2016, respectively.

 

(In millions)    Three Months Ended
March 31,
 
     2017      2016  

Reserve balance at January 1,

   $ 16.2      $ 16.0  

Provision for warranties issued

     8.2        7.1  

Settlements made (in cash or in kind)

     (8.5      (6.7
  

 

 

    

 

 

 

Reserve balance at March 31,

   $ 15.9      $ 16.4