COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 28, 2018

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 28, 2018 and December 29, 2017.

Minimum lease commitments under operating leases at December 28, 2018 are as follows:



(In millions)
2019	$	77.6
2020	59.9
2021	44.9
2022	40.0
2023	28.4
2024 and thereafter	87.3
Total	$	338.1

Total rental expense was $107.3 million, $100.9 million and $97.8 million in 2018, 2017 and 2016, respectively. Aggregate future minimum rentals to be received under non-cancelable subleases at December 28, 2018 were $4.7 million.

As of December 28, 2018, the Company had $75.2 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 28, 2018, 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.