Lease Commitments

12 Months Ended

Dec. 31, 2017

LEASE COMMITMENTS

Lease Commitments

The following table presents future minimum rental payments under non-cancellable long-term lease agreements for premises and equipment at December 31, 2017:

Future Minimum Rentals (dollars in millions)



Years Ended December 31,
2018	$	47.5
2019	46.0
2020	40.1
2021	29.6
2022	16.9
Thereafter	69.7
Total	$	249.8

In addition to fixed lease rentals, leases generally require payment of maintenance expenses and real estate taxes, both of which are subject to escalation provisions. Minimum payments include $49.2 million ($16.4 million for 2018) which will be recorded against the facility exiting liability when paid and therefore will not be recorded as rental expense in future periods. Minimum payments have not been reduced by minimum sublease rentals of $39.9 million due in the future under non-cancellable subleases which will be recorded against the facility exiting liability when received.

Rental expense for premises and equipment was as follows. The 2015 balances include five months of activity related to OneWest Bank.



	Years Ended December 31,
(dollars in millions)	2017		2016		2015
Premises	$	34.9	$	42.1	$	28.7
Equipment	1.7		1.7		1.8
Total	$	36.6	$	43.8	$	30.5