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Commitments

12 Months Ended

Dec. 31, 2013

Commitments

Lease Commitments

The Company leases manufacturing, warehouse and other facilities, real estate, transportation, and data processing and other equipment under leases that expire at various dates through the year 2023. Rent expense, which is recognized on a straight-line basis over the life of the lease term, for continuing operations was $115.9 million, $126.8 million and $123.5 million in 2013, 2012 and 2011, respectively.

Future minimum rental payments for operating leases with initial or remaining terms in excess of one year are as follows as of December 31, 2013 (in millions):



2014	2015	2016	2017	2018	Thereafter	Total
$98.2	$86.5	$71.2	$50.3	$37.9	$88.5	$432.6

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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