Fixed Assets and Lease Commitments

12 Months Ended

Dec. 31, 2018

Fixed Assets and Lease Commitments [Abstract]

Fixed assets (net) consisted of the following:



	December 31,
	2017			2018
Building and leasehold improvements	$	111.9		$	117.8
Software	50.8			51.0
Equipment	44.5			42.3
Furniture and fixtures	21.4			21.0
Land, improvements and other	18.7			18.6
Fixed assets, at cost	247.3			250.7
Accumulated depreciation and amortization	(136.3		)	(146.4		)
Fixed assets (net)	$	111.0		$	104.3

The Company and its consolidated Affiliates lease office space and equipment for their operations. At December 31, 2018, 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:



Year	Required Minimum Payments
2019	$	35.5
2020	36.9
2021	34.8
2022	27.7
2023	23.4
Thereafter	75.2

Consolidated rent expense for 2016, 2017 and 2018 was $35.5 million, $37.5 million and $40.5 million, respectively.