Commitments

The Company leases manufacturing, warehouse and other facilities; real estate; and transportation, data processing and other equipment under leases that expire at various dates through the year 2025. Rent expense, which is recognized on a straight-line basis over the life of the lease term, for continuing operations, was $216.2 million, $105.1 million and $106.1 million in 2016, 2015 and 2014, 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, 2016 (in millions):



2017	2018	2019	2020	2021	Thereafter	Total
$219.1	$189.4	$150.8	$113.8	$91.4	$260.8	$1,025.3