Leasing Arrangements

12 Months Ended

Dec. 31, 2014

Leases of Lessee Disclosure [Text Block]

The Company has operating leases that cover certain facilities and equipment. In most cases, the Company expects that these leases will be renewed, or replaced by other operating leases, in the normal course of business. The Company’s operating leases do not contain any significant contingent rental payments. Omnicare, Inc. routinely guarantees many of the lease obligations of its subsidiaries in the normal course of business.

The following is a schedule of future minimum rental payments required under operating leases that have initial or remaining non-cancelable terms in excess of one year as of December 31, 2014 (in thousands):



Year ended
December 31,
2015	$	22,961
2016	20,874
2017	18,594
2018	14,914
2019	10,277
Later years	21,711
Total minimum payments required	$	109,331

As of December 31, 2014, aggregate minimum rental payments scheduled to be received in the future under non-cancelable subleases, which would partially reduce the total minimum payments required as presented above, are not significant.

Total rent expense under operating leases for the years ended December 31, 2014, 2013 and 2012 was $45 million, $48 million and $54 million, respectively.

- 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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