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Finance Lease Receivables
12 Months Ended
Dec. 31, 2017
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:
 
2017
 
2016
 
2015
Finance lease receivables sold
$

 
$
7.4

 
$
10.6


The following table presents the components of finance lease receivables as of December 31:
 
2017
 
2016
Gross minimum lease receivable
$
26.6

 
$
63.3

Allowance for credit losses
(0.3
)
 
(0.3
)
Estimated unguaranteed residual values
1.1

 
3.7

 
27.4

 
66.7

Less:
 
 
 
Unearned interest income
(1.0
)
 
(2.9
)
Unearned residuals
(0.1
)
 
(0.1
)
 
(1.1
)
 
(3.0
)
Total
$
26.3

 
$
63.7



Future minimum payments due from customers under finance lease receivables as of December 31, 2017 are as follows:
2018
$
12.6

2019
7.8

2020
4.0

2021
1.8

2022
0.2

Thereafter
0.2

 
$
26.6