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72
Express Scripts 2015 Annual Report
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or
reflective of future fair values. Furthermore, while we believe the pension plan valuation methods are appropriate and
consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of
certain financial instruments could result in a different fair value measurement.
Employer contributions. Under the current actuarial assumptions, there is no minimum contribution required for the
2015 pension plan year. We do not expect to contribute any cash payments during 2016.
Estimated future benefit payments. As of December 31, 2015, the following benefit payments are expected to be
made (in millions):
Year Ended December 31,
Estimated
Future Benefit
Payments
2016 $ 10.1
2017 9.3
2018 9.2
2019 9.5
2020 9.3
Thereafter 47.0
11. Commitments and contingencies
Lease agreements. We have entered into noncancellable agreements to lease certain offices, distribution facilities and
operating equipment with terms from one to ten years. The majority of our lease agreements include renewal options to extend
the agreements from one to five years. Rental expense under the office and distribution facilities leases of our continuing
operations in the years ended December 31, 2015, 2014 and 2013 was $62.5 million, $59.7 million and $83.8 million,
respectively. The future minimum lease payments, including interest, due under noncancellable leases as of December 31, 2015
are shown below (in millions):
Year Ended December 31,
Minimum
Operating Lease
Payments
Minimum
Capital Lease
Payments
2016 $ 60.8 $ 12.9
2017 52.7 11.9
2018 46.1 11.8
2019 33.1 2.9
2020 29.4 —
Thereafter 77.7 —
Total $ 299.8 $ 39.5
Purchase commitments. As of December 31, 2015, we have certain required future purchase commitments for
materials, supplies, services and fixed assets related to the normal course of business. We do not expect potential payments
under these provisions to materially affect results of operations or financial condition based upon reasonably likely outcomes
derived by reference to experience and current business plans. These future purchase commitments as of December 31, 2015
are summarized below (in millions):
Year Ended December 31,
Future Purchase
Commitments
2016 $ 166.8
2017 46.1
2018 19.8
2019 8.1
2020 1.5
Thereafter —
Total $ 242.3