Accrued Warranties

6 Months Ended

Dec. 31, 2011

Note 6 – Accrued Warranties

We warrant our products to be free from defects in materials and workmanship for periods ranging from six months to six years from the date of purchase, depending on the business segment and product. Our dealers and warranty service providers normally perform warranty service in field locations and regional service centers, using parts and replacement finished goods we supply on an exchange basis. Our dealers and warranty service providers also install updates we provide to correct defects covered by our warranties. Estimated warranty liabilities are based upon past experience with similar types of products, the technological complexity of certain products, replacement cost and other factors. If estimates of warranty provisions are no longer adequate based on our analysis of current activity, incremental provisions are recorded as warranty expense in our Condensed Consolidated Statements of Income. We take these factors into consideration when assessing the adequacy of our warranty provision for periods still open to claim.

Details of our accrued warranties are as follows:


	Six Months Ended December 31,
	2011			2010
Accrued warranties, June 30	$	122,396		$	99,329
Warranty expense		28,437			24,846
Warranty payments (cash or in-kind)		(25,033	)		(26,515	)
Other⁽¹⁾		(12,564	)		8,152

Accrued warranties, December 31	$	113,236		$	105,812

⁽¹⁾	Other primarily represents foreign currency translation.