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RENTAL EXPENSE AND LEASE COMMITMENTS
 12 Months Ended
Dec. 31, 2016
RENTAL EXPENSE AND LEASE COMMITMENTS  
RENTAL EXPENSE AND LEASE COMMITMENTS

 

NOTE Q. RENTAL EXPENSE AND LEASE COMMITMENTS

 

Rental expense, including amounts charged to inventories and fixed assets, and excluding amounts previously reserved, was $1,508 million in 2016, $1,474 million in 2015 and $1,592 million in 2014. Within these amounts, rental expense reflected in discontinued operations was $29 million and $95 million, in 2015 and 2014, respectively. Rental expense in agreements with rent holidays and scheduled rent increases is recorded on a straight-line basis over the lease term. Contingent rentals are included in the determination of rental expense as accruable. The table below depicts gross minimum rental commitments under noncancelable leases, amounts related to vacant space associated with workforce transformation, sublease income commitments and capital lease commitments. These amounts reflect activities primarily related to office space, as well as data centers.

 

($ in millions)

 

 

 

2017

 

2018

 

2019

 

2020

 

2021

 

Beyond 2021

 

Operating lease commitments

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross minimum rental commitments (including vacant space below)

 

$
1,414 

 

$
1,328 

 

$
1,218 

 

$
1,016 

 

$
796 

 

$
1,111 

 

Vacant space

 

$
42 

 

$
29 

 

$
20 

 

$
15 

 

$
11 

 

$
9 

 

Sublease income commitments

 

$
12 

 

$
8 

 

$
6 

 

$
3 

 

$

—

 

$

—

 

Capital lease commitments

 

$
1 

 

$
2 

 

$
2 

 

$
2 

 

$

—

 

$

—