XML 30 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Product Warranties
6 Months Ended
Jun. 30, 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 six months ended June 30, 2017 and 2016, respectively.

 

(In millions)    Six Months Ended
June 30,
 
     2017      2016  

Reserve balance at January 1,

   $ 16.2      $ 16.0  

Provision for warranties issued

     13.1        14.4  

Settlements made (in cash or in kind)

     (13.3      (14.3
  

 

 

    

 

 

 

Reserve balance at June 30,

   $ 16.0      $ 16.1