Annual report pursuant to Section 13 and 15(d)

Lease Obligations

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Lease Obligations
12 Months Ended
Dec. 31, 2014
Leases [Abstract]  
Lease Obligations

5.    Lease obligations

The Company has warehouse, office, furniture, fixtures and equipment leases, which expire at various dates through 2025. Under the lease agreements, the Company is also obligated to pay property taxes, insurance and maintenance costs.

Certain leases contain renewal options. Future minimum rental commitments for non-cancelable operating leases at December 31, 2014, were as follows (in millions):

 

     Operating  

2015

   $ 56.5   

2016

     42.6   

2017

     28.1   

2018

     20.6   

2019

     12.1   

Thereafter

     19.7   
  

 

 

 

Total

   $ 179.6   
  

 

 

 

 

The Company recognizes rental expense on a straight-line basis. Rental expense for the years ended December 31, 2014, 2013, and 2012, was $60.0 million, $57.5 million, and $52.5 million, respectively.

There was no property, plant and equipment under capital leases included in property, plant and equipment on the accompanying consolidated balance sheets at December 31, 2014 and December 31, 2013.