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Rental Expense and Lease Commitments
 12 Months Ended
Dec. 31, 2018
Rental Expense and Lease Commitments  
Rental Expense and Lease Commitments

 

NOTE R. RENTAL EXPENSE AND LEASE COMMITMENTS

 

Rental expense, including amounts charged to inventories and fixed assets, and excluding amounts previously reserved, was $1,944 million in 2018, $1,821 million in 2017 and $1,508 million in 2016. Rental expense in agreements with rent holidays and scheduled rent increases is recorded on a straight-line basis over the lease term. Contingent rentals are included in the determination of rental expense as accruable.

 

The table below depicts gross minimum rental commitments under noncancelable leases, amounts related to vacant space associated with workforce transformation, sublease income commitments and capital lease commitments. These amounts reflect activities primarily related to office space, data centers, equipment and vehicles.

 

($ in millions)

 

 

 

2019

 

2020

 

2021

 

2022

 

2023

 

Beyond 2023

 

Operating lease commitments

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross minimum rental commitments (including vacant space below)

 

$
1,581

 

$
1,233

 

$
914

 

$
640

 

$
445

 

$
815

 

Vacant space

 

$
29

 

$
23

 

$
14

 

$
9

 

$
5

 

$
8

 

Sublease income commitments

 

$
11

 

$
7

 

$
5

 

$
4

 

$
4

 

$
2

 

Capital lease commitments

 

$
3

 

$
3

 

$
3

 

$
3

 

$
2

 

$
28