OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Other Current Liabilities

Other current liabilities consist of the following (dollars in millions):

	As of December 31, 2016		As of December 31, 2015
Payroll and related costs	$	52.4	$	31.5
Sales allowances		24.1		24.3
Accrued interest payable		16.5		0.6
Vendor buyback obligation		13.4		12.1
Derivative liabilities		11.3		5.0
Taxes payable		9.9		12.6
Defense price reduction reserve		9.2		8.7
Environmental liabilities		0.5		0.5
Other accruals		12.9		10.8
Total	$	150.2	$	106.1