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Guarantees and Product Warranties (Tables)
 3 Months Ended
Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Changes in warranty liability balance
Changes in the Company’s warranty liability balance are illustrated in the following table:
 
 
2015
 
2014
Balance at January 1
 
$
113.3

 
$
83.2

Current period accruals (1)
 
(3.5
)
 
11.9

Current period settlements
 
(12.7
)
 
(12.3
)
Balance at March 31
 
$
97.1

 
$
82.8

(1)
Includes the impact of foreign exchange rate fluctuations.