17. Commitments

Purchase Obligations

Purchase obligations of the Company as of December 31, 2015 were $332.9 million, of which $311.8 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, 2015 were as follows:


(In millions)
2016	$	28.9
2017		23.0
2018		15.5
2019		11.9
2020		7.9
Remainder		27.0
Total minimum rental payments	$	114.2

Total rental expense for all operating leases (reduced by minor amounts from subleases) amounted to $34.9 million, $33.4 million and $29.0 million in 2015, 2014 and 2013, 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, 2015, 2014 and 2013.



(In millions)	2015			2014			2013
Reserve balance at the beginning of the year	$	13.0		$	10.3		$	9.4
Provision for warranties issued		29.9			24.9			18.3
Settlements made (in cash or in kind)		(28.3	)		(23.6	)		(17.4	)
Acquisition		1.6			1.4			—
Foreign currency		(0.2	)		—			—
Reserve balance at end of year	$	16.0		$	13.0		$	10.3