LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2015

The Company is committed under long-term leases for the rental of premises and equipment. These leases have varying renewal options and require, in certain instances, the payment of insurance, real estate taxes and other operating expenses.

At December 31, 2015, the aggregate minimum rental commitments under these non-cancelable operating leases and capital leases, exclusive of renewals, are as follows for the years ended December 31:



(in millions)	Operating Leases		Capital Leases
2016		$190		$8
2017	167		7
2018	131		3
2019	85		2
2020	64		2
Thereafter	180		10
Total minimum lease payments		$817		$32
Amounts representing interest	N/A		(9		)
Present value of net minimum lease payments	N/A			$23

Rental expense for such leases for the years ended December 31, 2015, 2014, and 2013 totaled $205 million, $214 million, and $224 million, respectively, and is presented in the Consolidated Statements of Operations in occupancy and equipment expense.