Commitments (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

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

Electricity Purchase Contract Commitment

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

- 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.

+ References + Details