Accrued Liabilities

6 Months Ended

Jun. 27, 2014

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Severance Accrual

In February 2014, the Company announced the permanent closure of two electric utility plants in North America. In June 2014, the Company announced a reduction of salaried positions in North America as part of a productivity and cost savings plan. In addition, the Company incurred other expenses related to routine employee reductions for cost savings initiatives across the globe. As a result of these efforts, the Company incurred expenses of $6.0 million in the six months ended June 27, 2014. Payments made in the six months ended June 27, 2014 were $3.5 million. The accrual balance at June 27, 2014 and December 31, 2013 was $5.0 million and $2.5 million, respectively.

Warranty Accrual

The warranty accrual balance at June 27, 2014 and December 31, 2013 was $14.2 million and $14.1 million, respectively. The Company accrues liabilities under service and warranty policies based upon specific claims and a review of historical warranty and service claims experience. Adjustments are made to the accruals as claims 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 are below (in millions):

Balance, December 31, 2013	$	14.1
Net provisions for warranties issued	4.3
Net benefits for warranties existing at the beginning of the year	(3.7		)
Payments related to the warranty accrual	(0.4		)
Foreign currency translation	(0.1		)
Balance, June 27, 2014	$	14.2