Operting Leases

12 Months Ended

Dec. 31, 2011

Leases, Operating [Abstract]

Leases of Lessee Disclosure [Text Block]

Note 14 – Operating Leases

We lease facilities, vehicles, computers and other equipment under long-term operating and capital leases with varying terms. Most of the operating leases contain renewal and/or purchase options. We expect that in the normal course of business, the majority of operating leases will be renewed or replaced by other leases.

As of December 31, 2011, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year are included below.

(In millions)		Facilities	Vehicles	Other	Total
2012	$	58.7	17.5	4.1	80.3
2013		48.1	13.0	2.5	63.6
2014		40.1	8.6	1.5	50.2
2015		28.1	4.2	0.8	33.1
2016		18.6	1.4	0.5	20.5
Late years		48.4	0.1	0.5	49.0
	$	242.0	44.8	9.9	296.7

In North America, most vehicles that were added to the fleet prior to March 1, 2009, were obtained pursuant to operating leases that had residual value guarantees. Vehicles added to the fleet after March 1, 2009, were either purchased or were financed under capital lease.

Our maximum residual value guarantee under operating lease agreements was $27.6million at December 31, 2011. If we continue to renew the leases and pay the lease payments for the vehicles that have been included in the above table, this residual value guarantee will reduce to zero at the end of the final renewal period.

Net rent expense included in continuing operations amounted to $112.6 million in 2011, $104.7 million in 2010 and $101.4 million in 2009.