COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 29, 2017

Substantially all of Anixter's office and warehouse facilities are leased under operating leases. A certain number of these leases are long-term operating leases containing rent escalation clauses and expire at various dates through 2038. Most operating leases entered into contain renewal options. The gross amount of assets recorded under capital leases was immaterial as of December 29, 2017 and December 30, 2016.

Minimum lease commitments under operating leases at December 29, 2017 are as follows:



(In millions)
2018	$	67.2
2019	51.6
2020	40.8
2021	33.4
2022	24.6
2023 and thereafter	62.4
Total	$	280.0

Total rental expense was $100.9 million, $97.8 million and $78.0 million in 2017, 2016 and 2015, respectively. Aggregate future minimum rentals to be received under non-cancelable subleases at December 29, 2017 were $5.6 million.

As of December 29, 2017, the Company had $42.0 million in outstanding letters of credit and guarantees.

From time to time, Anixter is party to legal proceedings and matters that arise in the ordinary course of business. As of December 29, 2017, the Company does not believe there is a reasonable possibility that any material loss exceeding the amounts already recognized for these proceedings and matters has been incurred. However, the ultimate resolutions of these proceedings and matters are inherently unpredictable. As such, the Company's financial condition and results of operations could be adversely affected in any particular period by the unfavorable resolution of one or more of these proceedings or matters.