Product Warranty (Tables)

3 Months Ended

Mar. 31, 2016

Product Warranties Disclosures [Abstract]

Schedule of Product Warranty Liability

The following table summarizes the activity in the product warranty accrual accounts:

(in millions)	2016			2015
Beginning balance, January 1	$	107.9		$	132.0
Provisions	24.6			6.3
Payments	(19.0		)	(8.2		)
Translation adjustment	2.9			(19.3		)
Ending balance, March 31	$	116.4		$	110.8

The Company’s warranty provision as a percentage of net sales has increased from 0.3% as of March 31, 2015 to 1.1% as of March 31, 2016. This change is primarily related to the Company’s fourth quarter 2015 acquisition of Remy.

The product warranty liability is classified in the Condensed Consolidated Balance Sheets as follows:

	March 31,		December 31,
(in millions)	2016		2015
Accounts payable and accrued expenses	$	72.5	$	70.6
Other non-current liabilities	43.9		37.3
Total product warranty liability	$	116.4	$	107.9