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Leased Assets
12 Months Ended
Dec. 31, 2013
Leases [Abstract]  
Leased Assets
Leased Assets
Net rental expense comprised the following:
(In millions)
2013
 
2012
 
2011
Gross rental expense
$
400

 
$
417

 
$
415

Sublease rental income
(43
)
 
(53
)
 
(61
)
 
$
357

 
$
364

 
$
354



We enter into leases primarily for our wholesale distribution facilities, retail stores, vehicles, and data processing equipment under varying terms and conditions. Many of the leases require us to pay taxes assessed against leased property and the cost of insurance and maintenance. A portion of our retail distribution network is sublet to independent dealers.
While substantially all subleases and some operating leases are cancelable for periods beyond 2014, management expects that in the normal course of its business nearly all of its independent dealer distribution network will be actively operated. As leases and subleases for existing locations expire, we would normally expect to evaluate such leases and either renew the leases or substitute another more favorable retail location.
The following table presents minimum future lease payments:
 
 
 
 
 
 
 
 
 
 
 
2019 and
 
 
(In millions)
2014
 
2015
 
2016
 
2017
 
2018
 
Beyond
 
Total
Capital Leases
 

 
 

 
 

 
 

 
 
 
 

 
 

Minimum lease payments
$
16

 
$
13

 
$
11

 
$
9

 
$
7

 
$
40

 
$
96

Imputed interest
(4
)
 
(3
)
 
(3
)
 
(3
)
 
(3
)
 
(18
)
 
(34
)
Present value
$
12

 
$
10

 
$
8

 
$
6

 
$
4

 
$
22

 
$
62

Operating Leases
 

 
 

 
 

 
 

 
 
 
 

 
 

Minimum lease payments
$
326

 
$
259

 
$
201

 
$
144

 
$
104

 
$
326

 
$
1,360

Minimum sublease rentals
(45
)
 
(35
)
 
(25
)
 
(14
)
 
(6
)
 
(9
)
 
(134
)
 
$
281

 
$
224

 
$
176

 
$
130

 
$
98

 
$
317

 
$
1,226

Imputed interest
 

 
 

 
 

 
 

 
 
 
 

 
(274
)
Present value
 

 
 

 
 

 
 

 
 
 
 

 
$
952