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Leases (Tables)
12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
Future Minimum Annual Rental Commitments Required Under Non-Cancelable Operating Leases

The following table presents the future minimum annual rental commitments required under non-cancelable operating leases for which we are the lessee (in millions):

 

 

 

As of December 31, 2016

 

2017

 

$

43

 

2018

 

 

41

 

2019

 

 

38

 

2020

 

 

38

 

2021

 

 

37

 

Thereafter

 

 

1,264

 

Total minimum lease payments

 

$

1,461

 

 

Rent Expense

Rent expense is included in other property-level expenses and consists of (in millions):

 

 

 

Year ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Minimum rentals on operating leases

 

$

45

 

 

$

46

 

 

$

47

 

Additional rentals based on sales

 

 

38

 

 

 

33

 

 

 

32

 

Less: sublease rentals

 

 

(2

)

 

 

(2

)

 

 

(3

)

 

 

$

81

 

 

$

77

 

 

$

76