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-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, 2018, 2017 and 2016 was:



DOLLARS IN MILLIONS	2018			2017			2016
Minimum Rental Expense	$	30.7		$	20.5		$	21.2
Less Sublease Rental Income	(0.4		)	(1.6		)	(1.6		)
Net Rental Expense	$	30.3		$	18.9		$	19.6

Future minimum lease payments under capital and operating leases at December 31, 2018 were:



DOLLARS IN MILLIONS	Capital Leases		Operating Leases
2019	$	0.7	$	20.5
2020	0.7		18.4
2021	0.3		16.9
2022	0.2		15.0
2023	—		12.5
2024 and Thereafter	—		27.1
Total Future Payments	$	1.9	$	110.4
Less Imputed Interest	—
Present Value of Minimum Capital Lease Payments	$	1.9

The total of minimum rentals to be received in the future under non-cancelable subleases was $0.0 million and $0.4 million at December 31, 2018 and 2017, respectively.