NOTE 7. LEASES

The Company leases certain office space under non-cancelable operating leases, with initial terms typically ranging from one to twelve years, along with options that permit renewals for additional periods. The Company also leases certain equipment under non-cancelable operating leases, with initial terms typically ranging from one to five years. Minimum rent is expensed on a straight-line basis over the term of the lease.

Net rental expense for operating leases for the years ended December 31, 2013, 2012 and 2011 was:



DOLLARS IN MILLIONS	2013			2012			2011
Minimum Rental Expense	$	28.3		$	33.2		$	31.5
Less Sublease Rental Income	(1.8		)	(2.5		)	(2.1		)
Net Rental Expense	$	26.5		$	30.7		$	29.4

Future minimum lease payments under capital and operating leases at December 31, 2013 were:



DOLLARS IN MILLIONS	Capital Leases			Operating Leases
2014	$	4.7		$	25.1
2015	2.2			18.7
2016	2.1			16.7
2017	1.5			15.1
2018	0.1			8.9
2019 and Thereafter	—			15.3
Total Future Payments	$	10.6		$	99.8
Less Imputed Interest	(1.1		)
Present Value of Minimum Capital Lease Payments	$	9.5

The total of minimum rentals to be received in the future under non-cancelable subleases was $5.5 million at December 31, 2013.