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Commitments | 12 Months Ended
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Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract] |
Commitments | 19. Commitments Purchase Obligations Purchase obligations of the Company as of December 31, 2019 were $408.5 million, of which $373.9 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, 2018 were as follows:
(In millions) |
2019 |  | $ | 37.8 |
2020 |  |  | 29.6 |
2021 |  |  | 23.4 |
2022 |  |  | 18.9 |
2023 |  |  | 13.8 |
Remainder |  |  | 58.8 |
Total minimum rental payments |  | $ | 182.3 |
Total rental expense for all operating leases (reduced by immaterial amounts from subleases) amount to $48.4 million and $42.1 million in 2018 and 2017, respectively. These expenses and minimum rental payments were determined in accordance with the previous leasing guidance (ASC 840). Accordingly, the minimum payments exclude optional lease payments that we can avoid. The minimum lease payments as of December 31, 2019, disclosed in Note 7, are determined in accordance with the new leasing guidance (ASC 842), which include optional lease payments if we are reasonably certain to incur them. Product Warranties We generally record warranty expense related to contractual warranty terms at the time of sale. We may also provide customer concessions for claims made outside of the contractual warranty terms and those expenses are recorded in the period in which the concession is made. 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, 2019, 2018 and 2017.
(In millions) |  | 2019 |  |  |  | 2018 |  |  | 2017 |
Reserve balance at the beginning of the year |  | $ | 24.9 |  |  |  | $ | 17.2 |  |  | $ | 16.2 |
Provision for warranties issued |  |  | 25.4 |  |  |  |  | 25.1 |  |  |  | 25.1 |
Settlements made (in cash or in kind) |  |  | (25.8 | ) |  |  |  | (25.7 | ) |  |  | (24.3 | )
Acquisition |  |  | — |  |  |  |  | 8.9 |  |  |  | — |
Foreign currency |  |  | 0.2 |  |  |  |  | (0.6 | ) |  |  | 0.2 |
Reserve balance at end of year |  | $ | 24.7 |  |  |  | $ | 24.9 |  |  | $ | 17.2 |

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- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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