Fixed Assets and Lease Commitments

12 Months Ended

Dec. 31, 2016

Fixed Assets and Lease Commitments [Abstract]

Fixed assets consisted of the following:



	December 31,
	2015			2016
Building and leasehold improvements	$	104.7		$	103.5
Software	45.4			52.5
Equipment	39.9			39.5
Furniture and fixtures	22.4			20.8
Land, improvements and other	18.6			17.9
Fixed assets, at cost	231.0			234.2
Accumulated depreciation and amortization	(116.9		)	(124.1		)
Fixed assets, net	$	114.1		$	110.1

The Company and its consolidated Affiliates lease office space and equipment for their operations. At December 31, 2016, the Company’s aggregate future minimum payments for operating leases having initial or non-cancelable lease terms greater than one year were payable as follows:



	Required Minimum Payments ⁽¹⁾
2017	$	37.7
2018	34.7
2019	31.7
2020	30.0
2021	27.4
Thereafter	57.4

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⁽¹⁾	The controlling interest portion is $11.5 million through 2017, $11.4 million in 2018, $10.8 million in 2019, $10.0 million in 2020, $9.3 million in 2021 and $29.3 million thereafter.

Consolidated rent expense for 2014, 2015 and 2016 was $30.5 million, $36.3 million and $35.5 million, respectively.