H.	PRODUCT SUPPORT LIABILITIES

Changes in product support liabilities are summarized as follows:


				2014			2013			2012
Balance at January 1				$	630.5		$	540.7		$	448.7
Cost accruals and revenue deferrals					642.4			479.6			437.4
Payments and revenue recognized					(456.6	)		(399.8	)		(351.7	)
Currency translation					(43.5	)		10.0			6.3

Balance at December 31				$	772.8		$	630.5		$	540.7

In prior periods, cost accruals and revenue deferrals for the R&M contracts were netted against payments and revenue recognized instead of showing these amounts gross. The netting of these amounts affected only the disclosure in Note H; there was no effect on the Consolidated Statements of Comprehensive Income, the Consolidated Balance Sheets or the Condensed Consolidated Statements of Cash Flows. The table below presents “Cost accruals and revenue deferrals” and “Payments and revenue recognized” as previously reported in Note H and as revised:
	2013						2012
	PREVIOUSLY REPORTED			REVISED			PREVIOUSLY REPORTED			REVISED
Cost accrual and revenue deferrals	$	340.4		$	479.6		$	305.4		$	437.4
Payments and revenue recognized		(260.6	)		(399.8	)		(219.7	)		(351.7	)

Product support liabilities are included in the accompanying Consolidated Balance Sheets as follows:
At December 31,							2014			2013
Truck, Parts and Other:
Accounts payable, accrued expenses and other							$	355.3		$	291.7
Other liabilities								406.2			327.5
Financial Services:
Deferred taxes and other liabilities								11.3			11.3

							$	772.8		$	630.5