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Other Current Liabilities (Tables)
12 Months Ended
Dec. 31, 2016
Other Current Liabilities  
Summary of other current liabilities

The following is a summary of other current liabilities at December 31, (in millions):

                                                                                                                                                                                    

 

 

2016

 

2015

 

Deferred revenue

 

$

75.5 

 

$

77.0 

 

Accrued compensation

 

 

83.8 

 

 

88.5 

 

Accrued warranty

 

 

18.7 

 

 

19.6 

 

Contingent consideration

 

 

13.5 

 

 

4.6 

 

Income taxes payable

 

 

11.3 

 

 

25.1 

 

Other taxes payable

 

 

12.4 

 

 

25.4 

 

Derivative liabilities

 

 

1.8 

 

 

2.2 

 

Other accrued expenses

 

 

52.5 

 

 

61.1 

 

​  

​  

​  

​  

Other current liabilities

 

$

269.5 

 

$

303.5 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of changes in accrued warranty

The following table sets forth the changes in accrued warranty for the years ended December 31, 2016 and 2015 (in millions):

                                                                                                                                                                                    

Balance at December 31, 2014

 

$

21.6

 

Accruals for warranties issued during the year

 

 

21.1

 

Settlements of warranty claims

 

 

(21.7

)

Foreign currency impact

 

 

(1.4

)

​  

​  

Balance at December 31, 2015

 

 

19.6

 

Accruals for warranties issued during the year

 

 

17.4

 

Settlements of warranty claims

 

 

(17.8

)

Foreign currency impact

 

 

(0.5

)

​  

​  

Balance at December 31, 2016

 

$

18.7

 

​  

​  

​  

​