Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum rental payments for operating leases

At December 31, 2018, future minimum rental payments under noncancellable operating leases were:

(In millions)
2019	$	329.8
2020	286.1
2021	192.3
2022	123.8
2023	102.1
Thereafter	485.6
Total	1,519.7
Less income from sub-leases	25.6
Net minimum operating lease payments	$	1,494.1

Schedule of guarantor obligations

Guarantees consisted of the following:

(In millions)	December 31, 2018
Financial guarantees (a)	$	750.4
Performance guarantees (b)	4,047.6
Maximum potential undiscounted payments	$	4,798.0

(a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability, or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations.

(b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance related, such as failure to ship a product or provide a service.