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Commitments, Contingencies and Off-Balance Sheet Arrangements (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Contractual Obligations

Our future minimum cash payments, including interest, associated with our contractual obligations pursuant to the note purchase agreements, Credit Agreement, Premium Financing Debt Facility, operating leases and purchase commitments at December 31, 2019 were as follows (in millions):

		Payments Due by Period
Contractual Obligations		2020				2021				2022				2023				2024				Thereafter				Total
Note purchase agreements		$	100.0			$	75.0			$	200.0			$	300.0			$	475.0			$	2,773.0			$	3,923.0
Credit Agreement			520.0				—				—				—				—				—				520.0
Premium Financing Debt Facility			170.6				—				—				—				—				—				170.6
Interest on debt			173.6				167.5				161.8				152.5				134.7				574.7				1,364.8
Total debt obligations			964.2				242.5				361.8				452.5				609.7				3,347.7				5,978.4
Operating lease obligations			105.6				100.4				80.3				63.8				45.1				84.1				479.3
Less sublease arrangements			(0.6	)			(0.6	)			(0.3	)			(0.3	)			(0.2	)			(0.7	)			(2.7	)
Outstanding purchase obligations			49.9				38.2				23.2				9.0				5.7				17.4				143.4
Total contractual obligations		$	1,119.1			$	380.5			$	465.0			$	525.0			$	660.3			$	3,448.5			$	6,598.4

Off-Balance Sheet Commitments

Off-Balance Sheet Commitments - Our total unrecorded commitments associated with outstanding letters of credit, financial guarantees and funding commitments at December 31, 2019 were as follows (in millions):

																										Total
		Amount of Commitment Expiration by Period																								Amounts
Off-Balance Sheet Commitments		2020				2021				2022				2023				2024				Thereafter				Committed
Letters of credit		$	—			$	—			$	—			$	—			$	—			$	17.1			$	17.1
Financial guarantees			0.2				0.2				0.2				0.2				0.2				0.4				1.4
Total commitments		$	0.2			$	0.2			$	0.2			$	0.2			$	0.2			$	17.5			$	18.5

Outstanding Letters of Credit and Funding Commitments

Our commitments associated with outstanding letters of credit, financial guarantees and funding commitments at December 31, 2019 were as follows (all dollar amounts in table are in millions):

						Compensation				Maximum				Liability
Description, Purpose and Trigger		Collateral				to Us				Exposure				Recorded
Credit support under letters of credit (LOC) for deductibles due by us on our own insurance coverages - expires after 2023 Trigger - We do not reimburse the insurance companies for deductibles the insurance companies advance on our behalf			None				None			$	9.4			$	16.5
Credit enhancement under letters of credit for our captive insurance operations to meet minimum statutory capital requirements - expires after 2023 Trigger - Dissolution or catastrophic financial results of the operation			None				Reimbursement of LOC fees				6.3				—
Collateral related to claims funds held in a fiduciary capacity by a recent acquisition - expires 2020 Trigger - Claim payments are not made			None				None				0.9				—
Credit support under letters of credit in lieu of a security deposit for an acquisition’s lease - expires 2023 Trigger - Lease payments do not get made			None				None				0.5				—
Financial guarantees of loans to 6 Canadian-based employees - expires when loan balances are reduced to zero through May 2029 - Principal and interest payments are paid quarterly Trigger - Default on loan payments			(1)				None				1.4				—
										$	18.5			$	16.5

(1) The guarantees are collateralized by shares in minority holdings of our Canadian operating companies.     

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Tabular disclosure of unconditional purchase obligations that are recognized as a liability on the balance sheet, including the nature and term of the unconditional purchase obligations; the aggregate amount of payments for each of the five years following the date of the latest balance sheet; and the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings associated with suppliers' financing arrangements.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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