COMMITMENTS AND CONTINGENT LIABILITIES

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENT LIABILITIES

COMMITMENTS AND CONTINGENT LIABILITIES

We have three outsourcing agreements with a technology and consulting corporation. The first agreement provides mainframe computer operations and support for Aflac Japan. It has a remaining term of one year and an aggregate remaining cost of 4.8 billion yen ($40 million using the December 31, 2014, exchange rate). The second agreement provides distributed mid-range server computer operations and support for Aflac Japan. It has a remaining term of one year and an aggregate remaining cost of 3.9 billion yen ($32 million using the December 31, 2014, exchange rate). The third agreement provides application maintenance and development services for Aflac Japan. It has a remaining term of three years and an aggregate remaining cost of 4.4 billion yen ($36 million using the December 31, 2014, exchange rate).

We have an outsourcing agreement with a management consulting and technology services company to provide application maintenance and development services for our Japanese operation. The agreement has a remaining term of three years with an aggregate remaining cost of 3.8 billion yen ($31 million using the December 31, 2014, exchange rate).

We have two outsourcing agreement with information technology and data services companies to provide application maintenance and development services for our Japanese operation. The first agreement has a remaining term of two years with an aggregate remaining cost of 2.3 billion yen ($19 million using the December 31, 2014, exchange rate). The second agreement has a remaining term of three years with an aggregate remaining cost of 2.3 billion yen ($19 million using the December 31, 2014, exchange rate).

We lease office space and equipment under agreements that expire in various years through 2022. Future minimum lease payments due under non-cancelable operating leases at December 31, 2014, were as follows:

(In millions)
2015	$	55
2016	29
2017	19
2018	11
2019	7
Thereafter	8
Total future minimum lease payments	$	129

We are a defendant in various lawsuits considered to be in the normal course of business. Members of our senior legal and financial management teams review litigation on a quarterly and annual basis. The final results of any litigation cannot be predicted with certainty. Although some of this litigation is pending in states where large punitive damages,

bearing little relation to the actual damages sustained by plaintiffs, have been awarded in recent years, we believe the outcome of pending litigation will not have a material adverse effect on our financial position, results of operations, or cash flows.