Warranty
 6 Months Ended
Jan. 31, 2016
Standard Product Warranty Disclosure [Abstract]  
Warranty
Warranty
The Company estimates warranty expense using quantitative measures based on historical warranty claim experience and evaluation of specific Customer warranty issues. Following is a reconciliation of warranty reserves for the six months ended January 31, 2016 and 2015 (millions of dollars):
 
Six Months Ended
January 31,
 
2016
 
2015
Beginning balance
$
8.6

 
$
9.0

Accruals for warranties issued during the reporting period
2.6

 
1.6

Accruals related to pre-existing warranties (including changes in estimates)
2.7

 
(0.2
)
Less settlements made during the period
(1.7
)
 
(2.0
)
Ending balance
$
12.2

 
$
8.4


While the current Fiscal year period included increased warranty costs, there were no individually material specific warranty matters accrued for in the six months ended January 31, 2016 or 2015. The Company’s warranty matters are not expected to have a material impact on its results of operations, liquidity or financial position.