PROVISIONS | | | | | | | | | | | | | | | | | | | | | | | | | | | | In millions | | Product warranty | | Restructuring | | Other | | Total | | Balance at January 1, 2024 | | $ | 24.2 | | | $ | 2.2 | | | $ | 9.0 | | | $ | 35.4 | | | Translation differences | | (0.6) | | | - | | | (0.6) | | | (1.2) | | | Provisions made during the period | | 2.6 | | | 7.9 | | | 0.4 | | | 10.9 | | | Provisions used during the period | | (2.8) | | | (7.7) | | | (0.4) | | | (10.9) | | | Provisions reversed during the period | | (0.6) | | | - | | | - | | | (0.6) | | | Balance at June 30, 2024 | | $ | 22.8 | | | $ | 2.4 | | | $ | 8.4 | | | $ | 33.6 | | | | | | | | | | | | Long-term provisions | | | | | | | | $ | 5.4 | | | Current provisions | | | | | | | | 28.2 | | | Total | | | | | | | | $ | 33.6 | |
The majority of the provisions resulted from repair or replacement of products during their warranty period. The majority of warranty provisions are realized within one year.
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