Leases and Rentals

12 Months Ended

Dec. 31, 2015

Leases and Rentals [Abstract]

Leases and Rentals

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.Office space leases active in 2015had terms ranging from one month to 18 years. Net rental expenses for operating leasesamounted to approximately $165 million in 2015, $150 million in 2014 and $140 million in 2013. As of December 31, 2015, future net minimum rental payments under non-cancelable operating leases were approximately $700 million, payable as follows:

	Operating Lease
(In millions)	Payments
2016	$	127
2017	$	121
2018	$	100
2019	$	85
2020	$	77
2021 and thereafter	$	190

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.