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Leases and Rentals (Tables)

12 Months Ended

Dec. 31, 2016

Net rental expenses for operating leases

(In millions)	2016		2015		2014
Net rental expense for operating leases	$	151	$	165	$	150

Future net minimum rental payments under non-cancelable operating leases

	Scheduled Maturities
(In millions)	Long-term Debt⁽¹⁾		Capital Leases
2017	$	255	$	21
2018	$	131	$	10
2019	$	-	$	10
2020	$	549	$	-
2021	$	378	$	-
Maturities after 2021	$	3,694	$	-

(1) Long-term debt maturity amounts exclude capital leases.

(In millions)	Operating Lease Payments
2017	$	135
2018	$	119
2019	$	96
2020	$	81
2021	$	66
2022 and thereafter	$	164

The Company also has capital lease arrangements. See Note 17 and Note 5 for further information on assets recorded under capital leases and the related obligations.

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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