Commitments

At December 31, 2016, the Company had the following future minimum payments due under non-cancelable agreements:



	Total		Capital Leases		Operating Leases		Sponsorship, Licensing & Other
	(in millions)
2017	$	1,192	$	5	$	66	$	1,121
2018	234		1		53		180
2019	178		1		40		137
2020	102		—		29		73
2021	56		—		20		36
Thereafter	68		—		39		29
Total	$	1,830	$	7	$	247	$	1,576

Included in the table above are capital leases with a net present value of minimum lease payments of $7 million. In addition, at December 31, 2016, $10 million of the future minimum payments in the table above for sponsorship, licensing and other agreements was accrued. Consolidated rental expense for the Company’s leased office space was $62 million, $52 million and $48 million for 2016, 2015 and 2014, respectively. Consolidated lease expense for automobiles, computer equipment and office equipment was $19 million, $17 million and $17 million for 2016, 2015 and 2014, respectively. Included in the Sponsorship, Licensing & Other payments due in 2017 is £700 million (approximately $860 million as of December 31, 2016) related to a definitive agreement for the Company to acquire a controlling interest in VocaLink Holdings Limited (“VocaLink”). See Note 2 (Acquisitions) for further discussion.