Commercial Commitments (Tables)

6 Months Ended

Jun. 30, 2017

Guarantees [Abstract]

Commercial Commitments

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

	June 30		December 31
	2017		2016
Lease payment guarantees	$	9.6	$	15.0
Standby letters of credit and performance bonds	8.8		8.9
Total commercial commitments (1)	$	18.4	$	23.9

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(1) The carrying value of liabilities on the balance sheet for commercial commitments was $2.5 million at June 30, 2017 and $3.0 million at December 31, 2016. 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.