Product Warranty and Related Liabilities



	Three Months Ended
	March 31, 2017			March 31, 2016
Warranty balance at beginning of period	$	9,701		$	9,279
Warranties issued and assumed in period – recall campaigns	184			154
Warranties issued and assumed in period – product warranty	613			549
Payments	(897		)	(911		)
Adjustments to pre-existing warranties	36			83
Effect of foreign currency and other	43			79
Warranty balance at end of period	$	9,680		$	9,233

We estimate our reasonably possible loss in excess of amounts accrued for recall campaigns to be an insignificant amount at March 31, 2017. Refer to Note 13 for reasonably possible losses on Takata Corporation (Takata) matters.