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Leases Rentals and Outsourced Service Arrangements
12 Months Ended
Dec. 31, 2013
Leases Rentals And Outsourced Service Arrangements [Abstract]  
Leases, Rentals and Outsourced Service Arrangements

Note 21 — Leases and Rentals

 

The Company's operating leases are primarily for office space. Some of these leases include renewal options and other incentives that are amortized over the life of the lease. Rental expenses for operating leases amounted to $120 million in 2013, $130 million in 2012 and $115 million in 2011. As of December 31, 2013, future net minimum rental payments under non-cancelable operating leases were approximately $641 million, payable as follows (in millions): $131 in 2014, $127 in 2015, $105 in 2016, $75 in 2017, $59 in 2018 and $144 thereafter.

 

The Company also has capital lease arrangements. See Note 8 and Note 15 for further information on assets recorded under capital leases and the related obligations.