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Finance Lease Receivables
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
FINANCE LEASE RECEIVABLES
FINANCE LEASE RECEIVABLES

The Company provides financing arrangements to customers purchasing its products. These financing arrangements are largely classified and accounted for as sales-type leases.

The following table presents finance lease receivables sold by the Company for the years ended December 31:
 
2016
 
2015
 
2014
Finance lease receivables sold
$
7.4

 
$
10.6

 
$
22.0


The following table presents the components of finance lease receivables as of December 31:
 
2016
 
2015
Gross minimum lease receivable
$
63.3

 
$
76.0

Allowance for credit losses
(0.3
)
 
(0.5
)
Estimated unguaranteed residual values
3.7

 
5.2

 
66.7

 
80.7

Less:
 
 
 
Unearned interest income
(2.9
)
 
(4.4
)
Unearned residuals
(0.1
)
 
(1.4
)
 
(3.0
)
 
(5.8
)
Total
$
63.7

 
$
74.9



Future minimum payments due from customers under finance lease receivables as of December 31, 2016 are as follows:
2017
$
39.5

2018
8.9

2019
6.1

2020
4.1

2021
2.4

Thereafter
2.3

 
$
63.3