Leases and Rentals

12 Months Ended

Dec. 31, 2018

Leases and Rentals [Abstract]

Leases and Rentals

Note 16– Leases and Rentals

Description of operating leases. The Company’s operating leases are primarily for office space and certain computer and other equipment. Some of these leases include renewal options and other incentives that are amortized over the life of the lease.Leases active in 2018 had terms ranging from one month to 18 years.

Rental expense and payments. For the years ended December 31, net rental expenses for operating leases were approximately:

(In millions)	2018		2017		2016
Net rental expense for operating leases	$	162	$	162	$	151

Future net minimum rental payments under non-cancelable operating leases were approximately $860 millionas of December 31, 2018, payable as follows:

(In millions)	Operating Lease Payments
2019	$	199
2020	$	182
2021	$	148
2022	$	116
2023	$	84
2024 and thereafter	$	132

The Company also has capital lease arrangements. See Note 15 and Note 5 for further information on assets recorded under capital leases and our related obligations.