Accounts Payable and Accrued Liabilities (Tables)

3 Months Ended

Mar. 31, 2012

Accounts Payable and Accrued Liabilities [Abstract]

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following (in millions):

	March 31, 2012		December 31, 2011
Indemnity settlement with BP Exploration and Production Inc.	$	–	$	250.0
Trade accounts payable and accruals		676.8		718.8
Advances from customers		1,161.8		1,012.5
Other accruals		588.7		688.4
Total accounts payable and accrued liabilities	$	2,427.3	$	2,669.7

Company's Product Warranty Accruals

Activity during the three months ended March 31, 2012 associated with the Company's product warranty accruals was as follows (in millions):

Balance December 31, 2011		Net warranty provisions		Charges against accrual			Translation and other		Balance March 31, 2012
$	65.0	$	14.8	$	(12.6	)	$	0.3	$	67.5