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Lease Commitments
 12 Months Ended
Sep. 30, 2018
Leases [Abstract]  
Lease Commitments
LEASE COMMITMENTS

Valvoline conducts certain of its sales, support, manufacturing and distribution operations using leased facilities, and also operates certain equipment and vehicles under leases, the initial lease terms of which vary in length. Many of the leases contain renewal options and escalation clauses that are not material to the consolidated financial statements. Capitalized and financing lease obligations are primarily included in Other noncurrent liabilities with related assets in Property, plant and equipment, net within the Consolidated Balance Sheets. Future minimum lease payments for noncancelable operating and capital leases and financing obligations as of September 30, 2018 for the following fiscal years ended September 30 are:

(In millions)
 
Operating leases (a)
 
Capital leases and financing obligations
2019
 
$
28

 
$
6

2020
 
23

 
6

2021
 
21

 
6

2022
 
18

 
6

2023
 
16

 
6

Thereafter
 
64

 
50

Total future minimum lease payments
 
$
170

 
80

Imputed interest
 
 
 
(33
)
Present value of minimum lease payments
 
 
 
$
47

 
 
 
 
 
(a) Minimum payments have not been reduced by minimum sublease rental income of approximately $4 million due under future noncancelable subleases.

The composition of net rent expense for all operating leases, including leases of property and equipment, was as follows for the years ended September 30:

(In millions)
 
2018
 
2017
 
2016
Minimum rentals
 
$
25

 
$
18

 
$
15

Contingent rentals
 
2

 
2

 
2

Sublease rental income
 
(2
)
 
(1
)
 
(1
)
Net rent expense
 
$
25

 
$
19

 
$
16