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Guarantees and Product Warranties (Tables)
12 Months Ended
Dec. 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
35.7

 
92.6

Current period settlements
(49.1
)
 
(51.2
)
Currency translation
(26.3
)
 
(11.3
)
Balance at December 31
$
73.6

 
$
113.3