Note 18: Commitments

Lease Commitments

HP leases certain real and personal property under non-cancelable operating leases. Certain leases require HP to pay property taxes, insurance and routine maintenance and include renewal options and escalation clauses. Rent expense was approximately $1.0 billion in fiscal 2015, 2014 and 2013.

Property under capital leases was comprised primarily of equipment and furniture. Capital lease assets included in Property, plant and equipment in the Consolidated Balance Sheets were $207 million and $229 million as of October 31, 2015 and 2014, respectively. Accumulated depreciation on the property under capital leases was $187 million and $207 million as of October 31, 2015 and 2014, respectively.

As of October 31, 2015, future minimum operating lease commitments were as follows:

Fiscal year	In millions
2016	$	624
2017		517
2018		379
2019		310
2020		237
Thereafter		801
Less: Sublease rental income		(77	)

Total(1)	$	2,791


(1)	Subsequent to the Separation, HP expects the total remaining future minimum operating lease commitments to be approximately $367 million.

Unconditional Purchase Obligations

As of October 31, 2015, HP had unconditional purchase obligations of approximately $2.7 billion. These unconditional purchase obligations include agreements to purchase goods or services that are enforceable and legally binding on HP and that specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions and the approximate timing of the transaction. These unconditional purchase obligations are related principally to inventory, service support and other items. Unconditional purchase obligations exclude agreements that are cancelable without penalty.

As of October 31, 2015, future unconditional purchase obligations were as follows:

Fiscal year	In millions
2016	$	1,126
2017		473
2018		471
2019		342
2020		109
Thereafter		133

Total(1)	$	2,654


(1)	Subsequent to the Separation, HP expects the total remaining future unconditional purchase obligations to be approximately $915 million.