NOTE 8. LEASES

The Company leases certain office space under non-cancelable operating leases, with initial terms typically ranging from one to ten years, along with options that permit renewals for additional periods. The Company also leases certain equipment under non-cancellable 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, 2015, 2014 and 2013 was:



DOLLARS IN MILLIONS	2015			2014			2013
Minimum Rental Expense	$	20.7		$	21.5		$	28.3
Less Sublease Rental Income	(1.7		)	(1.3		)	(1.8		)
Net Rental Expense	$	19.0		$	20.2		$	26.5

Future minimum lease payments under capital and operating leases at December 31, 2015 were:



DOLLARS IN MILLIONS	Capital Leases			Operating Leases
2016	$	2.4		$	17.8
2017	0.7			16.5
2018	0.1			11.9
2019	—			8.6
2020	—			6.3
2021 and Thereafter	—			14.2
Total Future Payments	$	3.2		$	75.3
Less Imputed Interest	(0.2		)
Present Value of Minimum Capital Lease Payments	$	3.0

The total of minimum rentals to be received in the future under non-cancellable subleases was $3.9 million at December 31, 2015.