Accounts Payable and Accrued Liabilities

9 Months Ended

Sep. 30, 2013

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 (in millions):

	September 30, 2013		December 31, 2012
Trade accounts payable and accruals	$	797.1	$	925.1
Advances from customers		1,736.9		1,320.1
Other accruals		999.6		800.5
Total accounts payable and accrued liabilities	$	3,533.6	$	3,045.7

Activity during the nine months ended September 30, 2013 associated with the Company’s product warranty accruals was as follows (in millions):

Balance December 31, 2012		Net warranty provisions		Charges against accrual			Formation of OneSubsea		Translation and other		Balance September 30, 2013
$	67.6	$	30.4	$	(46.1	)	$	1.0	$	0.6	$	53.5