LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2018

Citizens 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, 2018, 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
2019		$165		$3
2020	153		2
2021	136		2
2022	109		1
2023	85		—
Thereafter	247		8
Total minimum lease payments		$895		$16
Amounts representing interest	—		(8		)
Present value of net minimum lease		$895		$8

Occupancy and equipment expense including rental expense for non-cancelable operating leases and capital leases totaled $212 million, $211 million, and $208 million for the years ended December 31, 2018, 2017, and 2016, respectively.