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Product Warranties
9 Months Ended
Sep. 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 historical claims experience and the nature of the product category. The following table summarizes activity related to our product warranty liability for the nine months ended September 30, 2017 and 2016, respectively.

 

(In millions)    Nine Months Ended
September 30,
 
     2017      2016  

Reserve balance at January 1,

   $ 16.2      $ 16.0  

Provision for warranties issued

     23.3        23.8  

Settlements made (in cash or in kind)

     (17.0      (22.8

Foreign translation adjustments

     (1.2      —    

Acquisitions

     0.7        0.4  
  

 

 

    

 

 

 

Reserve balance at September 30,

   $ 22.0      $ 17.4