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Leases

12 Months Ended

Dec. 31, 2014

NOTE 23. LEASES

We rent certain real estate and equipment. Several leases include options for renewal or purchase, and contain clauses for payment of real estate taxes and insurance. In most cases, management expects that in the normal course of business, leases will be renewed or replaced by other leases.



	2014	2013	2012
Rent expense	$ 21.7	$ 20.6	$ 17.9
Sublease (income)	(0.4)	(0.3)	(0.5)
Net rent expense	$ 21.3	$ 20.3	$ 17.4

Future minimum payments at December 31, 2014 by year and in the aggregate, having non-cancelable lease terms in excess of one year are as follows:



	Total Minimum Lease Payments	Sublease (Income)	Net Minimum Lease Payments
Scheduled minimum lease payments
2015	$ 7.9	($0.1)	$ 7.8
2016	5.4	(0.1)	5.3
2017	3.5	-	3.5
2018	2.2	-	2.2
2019	0.9	-	0.9
Thereafter	2.9	-	2.9
Total	$ 22.8	($0.2)	$ 22.6

Assets under capital leases at December 31, 2014 and 2013 are not material.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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