Leased Assets

Net rental expense comprised the following:



(In millions)	2016			2015			2014
Gross rental expense	$	318		$	324		$	387
Sublease rental income	(27		)	(33		)	(40		)
	$	291		$	291		$	347

We enter into leases primarily for our wholesale distribution facilities, administrative offices, 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 2017, 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:



																2022 and
(In millions)	2017			2018			2019			2020			2021			Beyond			Total
Capital Leases
Minimum lease payments	$	11		$	8		$	6		$	4		$	15		$	26		$	70
Imputed interest	(3		)	(3		)	(3		)	(3		)	(2		)	(15		)	(29		)
Present value	$	8		$	5		$	3		$	1		$	13		$	11		$	41
Operating Leases
Minimum lease payments	$	266		$	202		$	154		$	118		$	87		$	267		$	1,094
Minimum sublease rentals	(18		)	(11		)	(7		)	(5		)	(3		)	(27		)	(71		)
	$	248		$	191		$	147		$	113		$	84		$	240		$	1,023
Imputed interest																			(166		)
Present value																			$	857