Commercial Commitments (Tables)

3 Months Ended

Mar. 31, 2021

Guarantees [Abstract]

Commercial Commitments

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

	March 31 2021		December 31 2020
Standby letters of credit and performance bonds	$	9.0	$	9.1
Derivative guarantees	1.0		1.5
Total commercial commitments (1)	$	10.0	$	10.6

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(1) There were no liabilities recorded on the balance sheet for commercial commitments at March 31, 2021 and December 31, 2020. As of March 31, 2021, our outstanding commitments expire in 2021 through 2023. We are not aware of any event that would require us to satisfy any of our commitments.