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LEASES

12 Months Ended

Dec. 31, 2014

Leases of Lessee Disclosure [Text Block]

LEASES

Minimum rental commitments under all non-cancelable operating leases, primarily real estate leases for offices, manufacturing-related leases and vehicle leases, in effect at December 31, 2014, were:



(In millions) Years Ending December 31,
2015	$	35.0
2016	26.1
2017	21.0
2018	16.6
2019	10.8
Later Years	14.2
Total Minimum Payments	$	123.7

Operating lease rental expenses were $39.5 million, $39.7 million and $37.4 million in the years ended December 31, 2014, 2013 and 2012, respectively. At December 31, 2014 and 2013, MJN had capital lease obligations outstanding in the amount of $2.5 million and $2.9 million, respectively.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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