LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2017

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

At December 31, 2017, the aggregate minimum rental commitments under these non-cancelable operating leases and capital leases, exclusive of renewals, are presented below for the years ended December 31:



(in millions)	Operating Leases		Capital Leases
2018		$171		$3
2019	148		2
2020	130		2
2021	111		2
2022	81		1
Thereafter	201		8
Total minimum lease payments		$842		$18
Amounts representing interest	—		(8		)
Present value of net minimum lease		$842		$10

Occupancy and equipment expense including rental expense for non-cancelable operating leases and capital leases totaled $211 million, $208 million, and $205 million for the years ended December 31, 2017, 2016, and 2015, respectively.