Balance Sheet Information

Certain significant amounts included in the Company's balance sheet as of March 28, 2014 and December 31, 2013 consist of the following (dollars in millions):



	March 28, 2014			December 31, 2013
Receivables, net:
Accounts receivable	$	418.2		$	384.4
Less: Allowance for doubtful accounts	(1.1		)	(1.0		)
	$	417.1		$	383.4
Inventories:
Raw materials	$	95.9		$	89.2
Work in process	326.4			319.6
Finished goods	191.6			203.0
	$	613.9		$	611.8
Other current assets:
Prepaid expenses	$	28.0		$	24.8
Value added and other income tax receivables	30.8			31.7
Other	30.5			32.8
	$	89.3		$	89.3
Property, plant and equipment, net (1):
Land	$	52.7		$	52.3
Buildings	476.5			467.7
Machinery and equipment	1,954.9			1,918.4
Total property, plant and equipment	2,484.1			2,438.4
Less: Accumulated depreciation	(1,402.7		)	(1,364.2		)
	$	1,081.4		$	1,074.2
Accrued expenses:
Accrued payroll	$	89.9		$	91.3
Sales related reserves	54.9			54.2
Restructuring reserves	20.5			26.2
Accrued pension liability	10.4			10.4
Accrued interest	5.2			1.9
Other	41.2			36.3
	$	222.1		$	220.3

(1) Included in property, plant, and equipment are approximately $9.1 million of fixed assets which are held-for-sale as of March 28, 2014.

Warranty Reserves

The activity related to the Company's warranty reserves for the three months ended March 28, 2014 and March 29, 2013, respectively, is as follows (in millions):



	Three Months Ended
	March 28, 2014			March 29, 2013
Beginning Balance	$	6.0		$	10.2
Provision	0.4			1.2
Usage	(0.2		)	(3.8		)
Ending Balance	$	6.2		$	7.6

Defined Benefit Plans

The Company maintains defined benefit plans for certain of its foreign subsidiaries. The Company recognizes the aggregate amount of all overfunded plans as assets and the aggregate amount of all underfunded plans as liabilities in its financial statements. As of March 28, 2014, the total accrued pension liability for underfunded plans was $117.4 million, of which the current portion of $10.4 million was classified as accrued expenses. As of December 31, 2013, the total accrued pension liability for underfunded plans was $128.9 million, of which the current portion of $10.4 million was classified as accrued expenses. As of March 28, 2014 and December 31, 2013, the total pension asset for overfunded plans was $0.6 million and $0.6 million, respectively.

The Company recorded a pension curtailment gain of $2.8 million included in Restructuring, asset impairments and other, net for the quarter ended March 28, 2014 related to the Q4 2013 Voluntary Retirement Program. See Note 4: "Restructuring, Asset Impairments and Other, Net" for additional information.

The components of the Company's net periodic pension expense for the quarters ended March 28, 2014 and March 29, 2013 are as follows (in millions):



	Quarter Ended
	March 28, 2014			March 29, 2013
Service cost	$	2.5		$	3.7
Interest cost	1.5			2.0
Expected return on plan assets	(0.9		)	(1.1		)
Curtailment gain	(2.8		)	(9.0		)
Actuarial loss	—			13.6
Total net periodic pension cost	$	0.3		$	9.2