17. Commitments

Purchase Obligations

Purchase obligations of the Company as of December 31, 2014 were $366.7 million, of which $356.7 million is due within one year. Purchase obligations include contracts for raw materials and finished goods purchases, selling and administrative services, and capital expenditures.

Lease Commitments

Future minimum rental payments under non-cancelable operating leases as of December 31, 2014 were as follows:


(In millions)
2015	$	23.8
2016		16.9
2017		11.8
2018		7.8
2019		5.7
Remainder		4.3
Total minimum rental payments	$	70.3

Total rental expense for all operating leases (reduced by minor amounts from subleases) amounted to $33.4 million, $29.0 million and $27.4 million in 2014, 2013 and 2012, respectively.

Product Warranties

We generally record warranty expense at the time of sale. We offer our customers various warranty terms based on the type of product that is sold. Warranty expense is determined based on historic claim experience and the nature of the product category. The following table summarizes activity related to our product warranty liability for the years ended December 31, 2014, 2013 and 2012.



(In millions)	2014			2013			2012
Reserve balance at the beginning of the year	$	10.3		$	9.4		$	9.3
Provision for warranties issued		24.9			18.3			15.4
Settlements made (in cash or in kind)		(23.6	)		(17.4	)		(15.3	)
Acquisition		1.4			—			—
Reserve balance at end of year	$	13.0		$	10.3		$	9.4