LEASES

We have summarized below our future obligations under operating leases at year-end 2012:



($ in millions)	Minimum Lease Payments
Fiscal Year
2013	$	126
2014	126
2015	122
2016	115
2017	92
Thereafter	669
Total minimum lease payments where we are the primary obligor	$	1,250

Most leases have initial terms of up to 20 years and contain one or more renewal options, generally for five- or 10-year periods. These leases provide for minimum rentals and additional rentals based on our operations of the leased property. The total minimum lease payments above include $272 million of obligations of our consolidated subsidiaries that are non-recourse to us.

The foregoing table does not reflect $17 million in aggregate minimum lease payments, for which we are secondarily liable, relating to the CTF leases further discussed in Footnote No. 17, “Variable Interest Entities,” as follows: $11 million in 2013 and $6 million in 2014.

The following table details the composition of rent expense for operating leases for the last three years:



($ in millions)	2012		2011		2010
Minimum rentals	$	188	$	240	$	252
Additional rentals	62		66		67
	$	250	$	306	$	319

The following table summarizes our future obligations under capital leases at year-end 2012:



($ in millions)	Minimum Lease Payments
Fiscal Year
2013	$	3
2014	45
2015	1
2016	1
2017	1
Thereafter	3
Total minimum lease payments	54
Less: amount representing interest	(4		)
Present value of net minimum lease payments	$	50

The “Long-term debt” caption in the accompanying Balance Sheets includes $50 million for year-end 2012 and $64 million for year-end 2011 that represents the present value of net minimum lease payments for capital leases.