Commercial Commitments (Tables)

9 Months Ended

Sep. 30, 2014

Guarantees [Abstract]

Commercial Commitments

The following table shows our commercial commitments (in millions):

	September 30 2014		December 31 2013
Lease payment guarantees	$	30.0	$	34.8
Standby letters of credit	8.7		8.8
Asset residual value guarantees	—		5.6
Performance bonds	0.4		0.6
Total commercial commitments (1)	$	39.1	$	49.8

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(1) The carrying value of liabilities on the balance sheet for commercial commitments was $5.5 million at September 30, 2014 and $6.2 million at December 31, 2013. The expirations of these commitments range from 2017 to 2023. We are not aware of any event that would require us to satisfy any of our commitments.