Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

The Company leases certain warehouses, operating facilities, office space, data processing equipment and plant equipment under long-term, non-cancelable contracts that expire at various dates (some of these leases are subject to renewal options and contain escalation clauses). Future minimum lease payments under non-cancelable capital and operating leases (with initial or remaining lease terms in excess of one year) and the future minimum lease payments at December 31, 2018, are as follows:




In millions	Capital Leases and Financing Obligations^(a)			Operating Leases
2019	$	10.3		$	61.8
2020	10.4			49.8
2021	10.5			37.7
2022	10.1			30.0
2023	10.2			23.3
Thereafter	147.2			36.9
Total Minimum Lease Payments	$	198.7		$	239.5
Less: Amount Representing Interest	(75.8		)
Present Value of Net Minimum Leases	$	122.9

^(a) The Company executed lease agreements accounted for as a financing obligation for a notional amount of approximately $95 million in 2018. These lease agreements have an initial term of 20 years and two five year option renewals. Rental payments for 2019 are approximately $7 million, with yearly escalations of approximately 2% thereafter.

Total rental expense was approximately $61 million, $38 million, and $35 million for the years ended December 31, 2018, 2017 and 2016, respectively.

The Company has entered into other long-term contracts principally for the purchase of fiber and chip processing. The minimum purchase commitments extend beyond 2023. At December 31, 2018, total commitments under these contracts were as follows:



In millions
2019	$	83.4
2020	38.6
2021	30.2
2022	30.0
2023	29.8
Thereafter	131.4
Total	$	343.4