Lease Commitments

12 Months Ended

Dec. 31, 2014

We lease some of our offices, buildings, machinery and equipment, and autos under noncancelable operating leases. These leases have various terms and renewal options. Lease expense amounted to $75 million in 2014 and $73 million in 2013 and 2012, respectively. Future minimum lease payments required under operating leases with initial or remaining noncancelable terms in excess of one year as of December 31, 2014 were as follows:



(millions)	2015		2016		2017		2018		2019		After 2019
Future minimum lease payments	$	69	$	59	$	52	$	41	$	29	$	42

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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