Commercial Commitments (Tables)

12 Months Ended

Dec. 31, 2012

Guarantees [Abstract]

Commercial Commitments

The following table shows our commercial commitments as of December 31 (in millions):

	2013		2012
Lease payment guarantees	$	34.8	$	41.0
Standby letters of credit	8.8		9.7
Asset residual value guarantees	5.6		11.2
Performance bonds	0.6		0.6
Affiliate guarantees	—		42.0
Total commercial commitments (1)	$	49.8	$	104.5

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(1) The carrying value of liabilities on the balance sheet for commercial commitments was $6.2 million at December 31, 2013 and $6.4 million at December 31, 2012. The expirations of these commitments range from 2014 to 2023. We are not aware of any event that would require us to satisfy any of our commitments.