COMMITMENTS

LEASES—The Company and its subsidiaries enter into long-term non-cancelable lease arrangements which, for accounting purposes, are classified as either an operating lease or capital lease. Operating leases primarily include certain transmission lines, office rental and site leases. Operating lease rental expense for the years ended December 31, 2015, 2014, and 2013 was $67 million, $58 million and $46 million, respectively. Capital leases primarily include transmission lines at our subsidiaries in Brazil, vehicles, and office and other operating equipment. Capital leases are recognized in Property, Plant and Equipment within "Electric generation and distribution assets." The gross value of the capital lease assets as of December 31, 2015 and 2014 was $72 million and $80 million, respectively. The table below presents the future minimum lease payments under operating and capital leases for continuing operations together with the present value of the net minimum lease payments under capital leases as of December 31, 2015 for 2016 through 2020 and thereafter, in millions:



	Future Commitments for
December 31,	Capital Leases		Operating Leases
2016	$	14	$	77
2017	12		78
2018	11		79
2019	10		80
2020	10		79
Thereafter	90		898
Total	147		$	1,291
Less: Imputed interest	90
Present value of total minimum lease payments	$	57

CONTRACTS — The Company's operating subsidiaries enter into long-term contracts for construction projects, maintenance and service, transmission of electricity, operations services and purchase of electricity and fuel. In general, these contracts are subject to variable quantities or prices and are terminable in limited circumstances only. Electricity purchase contracts primarily include energy auction agreements at our Brazil subsidiaries with extended terms from 2013 through 2028. The table below presents the future minimum commitments for continuing operations under these contracts as of December 31, 2015 for 2016 through 2020 and thereafter. Actual purchases under these contracts for the years ended December 31, 2015, 2014, and 2013 are also presented, in millions:



Actual purchases during the year ended December 31,	Electricity Purchase Contracts		Fuel Purchase Contracts		Other Purchase Contracts
2013	$	2,665	$	1,590	$	1,743
2014	3,104		1,521		1,386
2015	2,592		1,262		2,121
Future commitments for the year ending December 31,
2016	$	2,623	$	1,120	$	1,332
2017	2,444		835		1,047
2018	2,634		532		1,081
2019	2,799		314		873
2020	2,918		311		655
Thereafter	24,176		2,141		4,395
Total	$	37,594	$	5,253	$	9,383