Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v2.4.0.8
Leases (Tables)
 12 Months Ended
Dec. 31, 2013
Leases [Abstract]  
Schedule of rent expense
Rent expense consisted of the following:
(in millions)
2013
 
2012
 
2011
Basic expense
$
37.5

 
$
31.6

 
$
34.7

Contingent expense
3.1

 
3.3

 
2.8

Sublease income
(1.0
)
 
(1.5
)
 
(1.2
)
Rent expense, net
$
39.6

 
$
33.4

 
$
36.3

Schedule of minimum rental payments for operating leases
Future minimum rental payments at December 31, 2013, under agreements classified as operating leases with non-cancelable terms in excess of one year, were as follows:
(in millions)
 
2014
$
32.6

2015
27.0

2016
22.4

2017
15.7

2018
11.7

Thereafter
24.7

Total (not reduced by minimum sublease income of $1.2)
$
134.1

Capital Leases
The amounts recorded in the Consolidated Balance Sheets as of December 31, 2013 and 2012, were as follows:
(in millions)
2013
 
2012
Assets:
 
 
 
Buildings and improvements
$
9.2

 
$
10.3

Accumulated depreciation
(1.3
)
 
(0.4
)
Total assets
$
7.9

 
$
9.9

 
 
 
 
Liabilities:
 
 
 
Short-term debt
$
0.6

 
$
0.3

Debt
5.1

 
6.4

Total liabilities
$
5.7

 
$
6.7

Future minimum rental payments under agreements classified as capital leases with non-cancelable terms
The future minimum rental payments at December 31, 2013, under agreements classified as capital leases with non-cancelable terms in excess of one year, were as follows:
(in millions)
 
2014
$
0.8

2015
0.8

2016
0.9

2017
0.9

2018
0.9

Thereafter
3.6

Total
$
7.9