Commercial Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Guarantees [Abstract]

Commercial Commitments

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

	2020		2019
Standby letters of credit and performance bonds	$	9.1	$	9.3
Derivative guarantees	1.5		—
Total commercial commitments (1)	$	10.6	$	9.3

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(1) There were no liabilities recorded on the balance sheet for commercial commitments at December 31, 2020 and December 31, 2019. As of December 31, 2020, our outstanding commitments expire in 2021 through 2023. We are not aware of any event that would require us to satisfy any of our commitments.