Product Support Liabilities

12 Months Ended

Dec. 31, 2015

Product Warranties Disclosures [Abstract]

Product Support Liabilities

H.     PRODUCT SUPPORT LIABILITIES Changes in product support liabilities are summarized as follows:
WARRANTY RESERVES	2015			2014			2013
Balance at January 1	$	310.8		$	218.7		$	208.8
Cost accruals		294.8			302.6			220.4
Payments		(228.8	)		(210.5	)		(211.5	)
Change in estimates for pre-existing warranties		(21.3	)		16.1			(1.2	)
Currency translation		(9.3	)		(16.1	)		2.2
Balance at December 31	$	346.2		$	310.8		$	218.7
DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS	2015			2014			2013
Balance at January 1	$	462.0		$	411.8		$	331.9
Deferred revenues		333.0			323.7			260.4
Revenues recognized		(248.4	)		(246.1	)		(188.3	)
Currency translation		(21.8	)		(27.4	)		7.8
Balance at December 31	$	524.8		$	462.0		$	411.8

Product support liabilities are included in the accompanying Consolidated Balance Sheets as follows:

	WARRANTY RESERVES				DEFERRED REVENUES
At December 31,	2015		2014		2015		2014
Truck, Parts and Other:
Accounts payable, accrued expenses and other	$	241.6	$	229.1	$	142.5	$	126.2
Other liabilities		104.6		81.7		368.2		324.5
Financial Services:
Deferred taxes and other liabilities						14.1		11.3
	$	346.2	$	310.8	$	524.8	$	462.0