Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.3.1.900
Leases (Tables)
12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Schedule of rent expense
Rent expense consisted of the following:
(in millions)
2015
 
2014
 
2013
Basic expense
$
31.6

 
$
27.8

 
$
30.5

Contingent expense
2.8

 
1.9

 
2.1

Sublease income
(0.3
)
 
(0.2
)
 
(0.3
)
Rent expense, net
$
34.1

 
$
29.5

 
$
32.3

Schedule of minimum rental payments for operating leases
Future minimum rental payments at December 31, 2015, under agreements classified as operating leases with non-cancelable terms in excess of one year, were as follows:
(in millions)
 
2016
$
33.4

2017
29.8

2018
22.7

2019
13.0

2020
9.8

Thereafter
25.2

Total (not reduced by minimum sublease income of $0.3)
$
133.9

Capital Leases
The amounts recorded in the Consolidated Balance Sheets as of December 31, 2015 and 2014, were as follows:
(in millions)
2015
 
2014
Assets:
 
 
 
Buildings and improvements
$
5.3

 
$
8.0

Accumulated depreciation and impairment
(5.3
)
 
(1.9
)
Total assets
$

 
$
6.1

 
 
 
 
Liabilities:
 
 
 
Short-term debt
$
0.9

 
$
0.4

Debt
1.9

 
4.1

Total liabilities
$
2.8

 
$
4.5

Future minimum rental payments under agreements classified as capital leases with non-cancelable terms
The future minimum rental payments at December 31, 2015, under agreements classified as capital leases with non-cancelable terms in excess of one year, were as follows:
(in millions)
 
2016
$
0.5

2017
0.6

2018
0.6

2019
0.7

2020
0.7

Thereafter
1.2

Total
$
4.3