OPERATING LEASES

12 Months Ended

Sep. 30, 2017

The Company leases certain property and equipment from third parties under various non-cancelable operating lease agreements. Certain lease agreements contain renewal and purchase options. The lease agreements generally require that the Company pay taxes, insurance and maintenance expenses related to the leased assets. Future minimum lease payments for non-cancelable operating leases at September 30, 2017, were as follows (in millions):



2018	$	40.3
2019	35.7
2020	28.7
2021	21.2
2022	11.8
Thereafter	9.8
Total future minimum lease payments	$	147.5

The Company also leases certain vehicles (primarily cars and light trucks) under agreements that are cancelable after the first year, but typically continue on a month-to-month basis until canceled by the Company. The vehicle leases and certain other non-cancelable operating leases contain residual value guarantees that create a contingent obligation on the part of the Company to compensate the lessor if the leased asset cannot be sold for an amount in excess of a specified minimum value at the conclusion of the lease term. If all such vehicle leases had been canceled as of September 30, 2017, the Company’s residual value guarantee would have approximated $3.6 million.

Other residual value guarantee amounts that apply at the conclusion of non-cancelable lease terms are as follows:



	Amount of Guarantee		Lease Termination Date
	(In millions)
Corporate aircraft	$	27.0	2019

Rent expense for fiscal 2017, fiscal 2016 and fiscal 2015 totaled $53.6 million, $51.3 million and $48.3 million, respectively.