Accrued Liabilities

Accrued liabilities consisted of the following (in millions):



	Dec 31, 2011		Dec 31, 2010
Payroll related accruals	$	62.2	$	64.3
Customers deposits and prepayments	89.4		77.1
Taxes other than income	29.1		21.4
Customer rebates	61.1		54.4
Insurance claims and related expenses	18.8		12.1
Current and deferred income tax liabilities	17.6		23.1
Derivative liability	30.2		9.4
Other accrued liabilities	111.6		114.9
Total	$	420.0	$	376.7

Included within other accrued liabilities were accruals related to restructuring and warranty expenses as of December 31, 2011 and 2010.

Restructuring Accrual

Over the last two years, the Company has incurred expenses as a result of cost management efforts in Europe. The expenses primarily relate to employee termination benefits that are payable under local statutory requirements. In 2011 and 2010, the Company incurred $5.3 million and $19.5 million in charges related to the substantial completion of negotiations with the works council of various operations in Europe to permanently reduce manufacturing personnel. The 2011 expenses were incurred and paid in 2011; therefore, the accrual balance at December 31, 2011 was immaterial. The 2010 expenses were incurred and paid in 2010 with the exception of $3.1 million which was paid in 2011; therefore, the accrual balance at December 31, 2010 was $3.1 million. Other expenses related to routine employee reductions for cost savings initiatives throughout the globe, with the exception of the aforementioned severance plan were immaterial.

Warranty Accrual

The warranty accrual balance at December 31, 2011, 2010, and 2009 was $11.5 million, $11.5 million and $12.2 million. The Company accrues liabilities under service and warranty policies based upon specific claims and a review of historical warranty and service claim experience. Adjustments are made to the accruals as claim data and historical experience change. In addition, the Company incurs discretionary costs to service its products in connection with product performance issues.

Changes in the carrying amount of the service and product warranty accrual is below (in millions):



Balance at December 31, 2009	$	12.2
Net provisions for warranties issued	3.1
Net benefits for warranties existing at the beginning of the year	(1.2		)
Payments related to the warranty accrual	(2.1		)
Foreign currency translation	(0.5		)
Balance at December 31, 2010	11.5
Net provisions for warranties issued	7.5
Net benefits for warranties existing at the beginning of the year	(0.2		)
Payments related to the warranty accrual	(7.0		)
Foreign currency translation	(0.3		)
Balance at December 31, 2011	$	11.5