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Lease Arrangements
12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
LEASE ARRANGEMENTS
NOTE 19—LEASE ARRANGEMENTS
The Company has non-cancelable operating leases for facilities through 2029. Future minimum lease payments and sublease proceeds under these leases with initial or remaining terms in excess of one year, including leases associated with restructuring activities, are as follows (dollars in millions):
 
Operating Lease
Commitments(1)
Years ending December 31,
 
2018
$
27

2019
29

2020
23

2021
21

2022
12

Thereafter
45

Total future minimum lease payments
$
157

Sublease proceeds
(2
)
Net lease commitments
$
155

(1) Excludes minimum lease payments and sublease proceeds on the Alpharetta, Georgia lease, which is accounted for as a financing.
Certain leases contain provisions for renewal options and rent escalations based on increases in certain costs incurred by the lessor. Rent expense, net of sublease income, was $26 million, $24 million and $22 million for the years ended December 31, 2017, 2016 and 2015, respectively. Rent expense, which is recorded in the occupancy and equipment line item in the consolidated statement of income, excludes costs related to leases associated with restructuring activities, which are recorded in the restructuring and acquisition-related activities line item in the consolidated statement of income.