Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v3.3.1.900
Accrued Expenses
 12 Months Ended
Dec. 31, 2015
Accrued Liabilities, Current [Abstract]  
Accrued Expenses
Accrued Expenses

Accrued Expenses at December 31, 2015 and 2014 were as follows:
(in millions)
2015
 
2014
Compensation and benefit plans (A)
$
162.7

 
$
147.7

Product warranties
106.3

 
110.6

Sales incentives and discounts
87.4

 
90.0

Deferred revenue and customer deposits
57.2

 
57.7

Insurance reserves (B)
26.6

 
42.8

Secured obligations, repurchase and recourse
24.7

 
26.1

Environmental reserves (C)
25.4

 
10.1

Interest
8.4

 
8.4

Real, personal and other non-income taxes
7.2

 
7.9

Derivatives
5.6

 
3.6

Other
51.5

 
56.6

Total accrued expenses
$
563.0

 
$
561.5



(A) The increase in compensation and benefit plans relates primarily to planned deferred compensation payments anticipated to occur in 2016 that were reclassified from Long-term liabilities.
(B) The reduction in insurance reserves relates to the settlement of a product liability matter that was mostly offset by a reduction in Accounts receivable.
(C) The increase in environmental reserves relates primarily to planned environmental remediation and clean-up efforts anticipated to occur in 2016 that were reclassified from Long-term liabilities.