17. Commitments

Purchase Obligations

Purchase obligations of the Company as of December 31, 2016 were $327.3 million, of which $305.1 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, 2016 were as follows:


(In millions)
2017	$	30.0
2018		22.5
2019		17.5
2020		13.0
2021		8.1
Remainder		46.0
Total minimum rental payments	$	137.1

Total rental expense for all operating leases (reduced by minor amounts from subleases) amounted to $43.5 million, $34.9 million and $33.4 million in 2016, 2015 and 2014, 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, 2016, 2015 and 2014.



(In millions)	2016			2015			2014
Reserve balance at the beginning of the year	$	16.0		$	13.0		$	10.3
Provision for warranties issued		25.8			29.9			24.9
Settlements made (in cash or in kind)		(25.5	)		(28.3	)		(23.6	)
Acquisition		0.3			1.6			1.4
Foreign currency		(0.4	)		(0.2	)		—
Reserve balance at end of year	$	16.2		$	16.0		$	13.0