9.LEASES

The Company leases certain property and equipment, and other facilities under various operating lease agreements, with terms that range from 1 to 65 years. Such leases generally include provisions for the maintenance of the leased assets, options to purchase the assets at fair value, and renewal options to extend the lease agreements. Management expects that in the normal course of business most of these operating leases will be renewed or replaced by other similar leases as they expire.

Rent expense recorded in costs and expenses in the Consolidated Statements of Income and Comprehensive Income from operating leases is as follows:


	Years Ended December 31,
(In millions)	2017		2016		2015
Terminals, warehouse and other properties	$	26.6	$	25.6	$	22.4
Vessels and equipment leases		52.3		48.4		38.7
Other		49.8		45.6		44.4
Total	$	128.7	$	119.6	$	105.5

Future minimum payments under operating leases as of December 31, 2017 were as follows:


Year (in millions)	Total
2018	$	57.1
2019		44.7
2020		39.3
2021		25.5
2022		16.5
Thereafter		44.5
Total minimum lease payments	$	227.6