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Product Warranty
3 Months Ended
Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Guarantees and Indemnifications
LP provides warranties on the sale of most of its products and records an accrual for estimated future claims. Such accruals are based upon historical experience and management’s estimate of the level of future claims. The activity in warranty reserves for the three months ended March 31, 2016 and 2015 are summarized in the following table:
 
Three Months Ended March 31,
Dollar amounts in millions
2016
 
2015
Beginning balance
$
21.0

 
$
31.4

Accrued to expense
0.1

 
0.1

Foreign currency translation
0.6

 
(1.3
)
Payments made
(3.6
)
 
(3.1
)
Total warranty reserves
18.1

 
27.1

Current portion of warranty reserves
(6.0
)
 
(12.0
)
Long-term portion of warranty reserves
$
12.1

 
$
15.1


LP continues to monitor warranty and other claims associated with these products and believes as of March 31, 2016 that the reserves associated with these matters are adequate. However, it is possible that additional charges may be required in the future.
The current portion of the warranty reserve is included in the caption “Accounts payable and accrued liabilities” and the long-term portion is included in the caption “Other long-term liabilities” on LP’s Consolidated Balance Sheets.