Commercial Commitments (Tables)

3 Months Ended

Mar. 31, 2013

The following table shows our commercial commitments (in millions):



	March 31, 2013		December 31 2012
Affiliate guarantees (a)	$	42.0	$	42.0
Asset residual value guarantees	5.1		11.2
Lease payment guarantees	39.3		41.0
Performance bonds	0.5		0.6
Standby letters of credit	9.8		9.7
Total commercial commitments (b)	$	96.7	$	104.5

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(a)	Excludes one of our guarantees because it does not state a maximum potential future payment and because we believe the likelihood we will be required to perform under that guarantee is remote. In April 2013, $42.0 million of our affiliate guarantees were terminated when the related affiliates were sold. See "Note 13. Subsequent Events" for additional information.


(b)	The carrying values of liabilities on the balance sheet for our commercial commitments were $6.2 million at March 31, 2013 and $6.4 million at December 31, 2012. The expiration dates for our commitments range from 2013–2022. We are not aware of any event that would require us to satisfy any of our commitments.

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

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