Lease Arrangements

12 Months Ended

Dec. 31, 2017

Leases [Abstract]

Lease Arrangements

Lease Arrangements

Future minimum lease commitments during each of the five years following December 31, 2017 and thereafter are as follows:

	(In millions)
	Capital Leases			Operating leases
2018	$	9.4		$	17.8
2019	5.9			13.5
2020	4.3			8.9
2021	1.3			5.8
2022	0.1			4.8
Thereafter	—			13.3
Total minimum lease payments	21.0			$	64.1
Amounts representing interest	(0.7		)
Present value of minimum lease payments	20.3
Current maturities	(9.1		)
Long-term capital lease obligation	$	11.2

Rental expense for 2017, 2016 and 2015 was $19.4 million, $18.5 million and $19.7 million, respectively.

Certain of the Company’s leases are with related parties at an annual rental expense of approximately $2.2 million. Transactions with related parties are not material to the Company’s financial position, results of operations or cash flows.

Assets recorded under capital leases are included in property, plant and equipment and consist of the following:

	December 31, 2017			December 31, 2016
Machinery and equipment	$	24.1		$	20.4
Less accumulated depreciation	(4.7		)	(2.3		)
	$	19.4		$	18.1

Amortization of machinery and equipment under capital leases is included in depreciation expense.