Annual report pursuant to Section 13 and 15(d)

Lease Obligations

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Lease Obligations
12 Months Ended
Dec. 31, 2011
Lease obligations [Abstract]  
Lease obligations

5.    Lease obligations

The Company has warehouse, office, furniture, fixtures and equipment leases, which expire at various dates through 2021. 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 and capital leases at December 31, 2011, were as follows (in millions):

 

 

                 
    Operating     Capital  

2012

  $ 42.9     $ 1.4  

2013

    34.5        

2014

    26.9        

2015

    22.3        

2016

    12.7        

Thereafter

    23.8        
   

 

 

   

 

 

 

Total

  $ 163.1     $ 1.4  
   

 

 

         

Less: amounts included above representing interest

             
           

 

 

 

Present value of net minimum lease payments

          $ 1.4  
           

 

 

 

Rental expense for the years ended December 31, 2011, 2010 and 2009, was $49.2 million, $43.5 million, and $39.7 million, respectively.

Property, plant and equipment under capital leases is included in property, plant and equipment on the accompanying consolidated balance sheets as follows (in millions):

 

 

                 
    December 31,  
    2011     2010  

Equipment

  $ 10.6     $ 10.7  

Less: accumulated depreciation

    (9.7     (8.8
   

 

 

   

 

 

 

Total

  $ 0.9     $ 1.9