Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2012

Accounts Payable and Accrued Liabilities [Abstract]

Accounts Payable and Accrued Liabilities

Note 7: Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following:

	December 31,
(dollars in millions)	2012		2011
Indemnity settlement with BP Exploration and Production Inc. (see Note 19)	$	–	$	250.0
Trade accounts payable and accruals		925.1		718.8
Advances from customers		1,320.1		1,012.5
Other accruals		800.5		688.4
Total accounts payable and accrued liabilities	$	3,045.7	$	2,669.7

Activity during the year associated with the Company's product warranty accruals was as follows (dollars in millions):

Balance December 31, 2011		Warranty Provisions		Acquisitions		Charges Against Accrual			Translation and Other		Balance December 31, 2012
$	65.0	$	43.4	$	7.5	$	(49.8	)	$	1.5	$	67.6