Lessee Accounting

Operating leases principally relate to real estate and also include distribution equipment and vehicles. Certain leases include escalation clauses, renewal, and purchase options. Rent expense is recognized on a straight-line basis over the minimum lease term. Rent expense under operating leases, including month-to-month agreements, was $7.6 million in 2016, $8.4 million in 2015, and $9.1 million in 2014.

At September 30, 2016, minimum payments due under leases are as follows:



(In millions)
2017	$	6.3
2018	4.8
2019	3.9
2020	3.8
2021	3.6
Thereafter	2.4
Total	$	24.8