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Product Warranties
 3 Months Ended
Mar. 31, 2018
Product Warranties
14. Product Warranties

We generally record warranty expense related to contractual warranty terms at the time of sale. We may also provide customer concessions for claims made outside of the contractual warranty terms and those expenses are recorded in the period in which the concession is made. 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, 2018 and 2017, respectively.

 

(In millions)    Three Months Ended March 31,  
     2018      2017  

Reserve balance at January 1,

    $ 17.2      $ 16.2  

Provision for warranties issued

      6.2        8.2  

Settlements made (in cash or in kind)

      (6.2 )       (8.5 ) 
  

 

 

     

 

 

  

Reserve balance at March 31,

    $ 17.2      $ 15.9