Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v2.4.1.9
Leases (Tables)
 12 Months Ended
Dec. 31, 2014
Leases [Abstract]  
Schedule of rent expense
Rent expense consisted of the following:
(in millions)
2014
 
2013
 
2012
Basic expense
$
27.8

 
$
30.5

 
$
23.6

Contingent expense
1.9

 
2.1

 
2.3

Sublease income
(0.2
)
 
(0.3
)
 
(0.7
)
Rent expense, net
$
29.5

 
$
32.3

 
$
25.2

Schedule of minimum rental payments for operating leases
Future minimum rental payments at December 31, 2014, under agreements classified as operating leases with non-cancelable terms in excess of one year, were as follows:
(in millions)
 
2015
$
28.5

2016
24.6

2017
20.9

2018
13.4

2019
7.9

Thereafter
14.4

Total (not reduced by minimum sublease income of $0.4)
$
109.7

Capital Leases
The amounts recorded in the Consolidated Balance Sheets as of December 31, 2014 and 2013, were as follows:
(in millions)
2014
 
2013
Assets:
 
 
 
Buildings and improvements
$
8.0

 
$
9.2

Accumulated depreciation
(1.9
)
 
(1.3
)
Total assets
$
6.1

 
$
7.9

 
 
 
 
Liabilities:
 
 
 
Short-term debt
$
0.4

 
$
0.6

Debt
4.1

 
5.1

Total liabilities
$
4.5

 
$
5.7

Future minimum rental payments under agreements classified as capital leases with non-cancelable terms
The future minimum rental payments at December 31, 2014, under agreements classified as capital leases with non-cancelable terms in excess of one year, were as follows:
(in millions)
 
2015
$
0.8

2016
0.8

2017
0.8

2018
0.9

2019
0.9

Thereafter
2.3

Total
$
6.5