Commercial Commitments (Tables)

12 Months Ended

Dec. 31, 2015

Guarantees [Abstract]

Commercial Commitments

The following table shows our commercial commitments as of December 31 (in millions):

	2016		2015
Lease payment guarantees	$	15.0	$	22.1
Standby letters of credit and performance bonds	8.9		8.9
Total commercial commitments (1)	$	23.9	$	31.0

_______

(1) The carrying value of liabilities on the balance sheet for commercial commitments was $3.0 million at December 31, 2016 and $4.1 million at December 31, 2015. The expirations of these commitments range from 2017 to 2023. We are not aware of any event that would require us to satisfy any of our commitments.