Commitments, Contingencies and Off-Balance Sheet Arrangements (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Our future minimum cash payments, including interest, associated with our contractual obligations pursuant to the note purchase agreements, Credit Agreement, Premium Financing Debt Facility, operating leases and purchase commitments at December 31, 2018 were as follows (in millions):


	Payments Due by Period
Contractual Obligations	2019			2020			2021			2022			2023			Thereafter			Total
Note purchase agreements	$	100.0		$	100.0		$	75.0		$	200.0		$	300.0		$	2,423.0		$	3,198.0
Credit Agreement		265.0			—			—			—			—			—			265.0
Premium Financing Debt Facility		154.0			—			—			—			—			—			154.0
Interest on debt		138.0			132.5			127.9			122.5			113.1			444.5			1,078.5

Total debt obligations		657.0			232.5			202.9			322.5			413.1			2,867.5			4,695.5
Operating lease obligations		106.8			92.0			78.8			61.1			44.3			87.4			470.4
Less sublease arrangements		(0.8	)		(0.6	)		(0.6	)		(0.3	)		(0.3	)		(1.0	)		(3.6	)
Outstanding purchase obligations		32.1			14.6			11.3			2.1			—			—			60.1

Total contractual obligations	$	795.1		$	338.5		$	292.4		$	385.4		$	457.1		$	2,953.9		$	5,222.4

Off-Balance Sheet Commitments

Off-Balance Sheet Commitments - Our total unrecorded commitments associated with outstanding letters of credit, financial guarantees and funding commitments at December 31, 2018 were as follows (in millions):


													Total
	Amount of Commitment Expiration by Period												Amounts
Off-Balance Sheet Commitments	2019		2020		2021		2022		2023		Thereafter		Committed
Letters of credit	$	—	$	1.3	$	—	$	—	$	—	$	17.0	$	18.3
Financial guarantees		0.2		0.2		0.2		0.2		0.2		0.6		1.6

Total commitments	$	0.2	$	1.5	$	0.2	$	0.2	$	0.2	$	17.6	$	19.9

Outstanding Letters of Credit and Funding Commitments

Our commitments associated with outstanding letters of credit, financial guarantees and funding commitments at December 31, 2018 were as follows (all dollar amounts in table are in millions):


			Compensation		Maximum		Liability
Description, Purpose and Trigger	Collateral		to Us		Exposure		Recorded
Credit support under letters of credit (LOC) for deductibles due by us on our own insurance coverages - expires after 2023 Trigger - We do not reimburse the insurance companies for deductibles the insurance companies advance on our behalf		None		None	$	10.2	$	15.8
Credit enhancement under letters of credit for our captive insurance operations to meet minimum statutory capital requirements - expires after 2023 Trigger - Dissolution or catastrophic financial results of the operation		None		Reimbursement of LOC fees		6.3		—
Collateral related to claims funds held in a fiduciary capacity by a recent acquisition - expires 2020 Trigger - Claim payments are not made		None		None		1.3		—
Credit support under letters of credit in lieu of a security deposit for an acquisition’s lease - expires 2023 Trigger - Lease payments do not get made		None		None		0.5		—
Financial guarantees of loans to 6 Canadian-based employees - expires when loan balances are reduced to zero through May 2029 - Principal and interest payments are paid quarterly Trigger - Default on loan payments		(1)		None		1.6		—

					$	19.9	$	15.8

(1)	The guarantees are collateralized by shares in minority holdings of our Canadian operating companies.