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Leases

12 Months Ended

Dec. 31, 2013

Rent expense recorded under all operating leases is as follows:



	Year Ended December 31,
	2013	2012	2011
	(In $ millions)
Total	160	165	173

Future minimum lease payments under non-cancelable rental and lease agreements, which have initial or remaining terms in excess of one year are as follows:



	As of December 31, 2013
	Capital Leases
	(In $ millions)
2014	46
2015	46
2016	48
2017	48
2018	48
Later years	294
Sublease income	—
Minimum lease commitments	530
Less amounts representing interest	(266	)
Present value of net minimum lease obligations	264



	As of December 31, 2013
	Operating Leases
	(In $ millions)
2014	63
2015	55
2016	48
2017	29
2018	26
Later years	189
Sublease income	(12	)
Minimum lease commitments	398

The Company expects that, in the normal course of business, leases that expire will be renewed or replaced by other leases.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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