Leases - Lessor

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases - Lessor

NOTE 13 — LEASES — LESSOR

The Company leases and subleases certain lift trucks to customers under long-term operating lease agreements which expire at various dates through 2028. Approximate minimum rentals receivable, none of which are recorded in our consolidated Balance Sheets, under such leases for each of the next five years are as follows (amounts in millions):

Years ending December 31,	Amount
2022	$	2.4
2023		1.6
2024		1.3
2025		0.2
2026		0.2
Thereafter		0.1
	$	5.8

Sublease income recorded in rental revenue in our consolidated Statement of Operations for the years ended December 31, 2021 and December 31, 2020 was $7.5 million and $7.9 million, respectively.

Future guaranteed purchase obligations under operating and sales-type leases to be paid by the Company for each of the next five years and thereafter are as follows (amounts in millions):

Years ending December 31,	Amount
2022	$	2.7
2023		2.4
2024		2.0
2025		0.7
2026		0.1
Thereafter		—
Total	$	7.9

For more information on our rental revenue as a lessor, please refer to Note 3, Revenue Recognition.