Operating Leases

12 Months Ended

Dec. 31, 2018

The Company occupies office facilities under lease agreements that expire at various dates. In addition, data processing, office and transportation equipment is leased under agreements that expire at various dates. Most leases contain renewal options that provide for rent increases based on prevailing market conditions. Lease expense for the years ended December 31, 2018, 2017 and 2016 was $62 million, $66 million and $60 million.

The table below presents the expected future minimum lease payments to be made under non-cancelable operating leases as of December 31, 2018.



(In millions)	Future Minimum Lease Payments
2019	$	35
2020	39
2021	41
2022	38
2023	32
Thereafter	200
Total	$	385