Operating Leases

12 Months Ended

Dec. 31, 2017

The Company occupies office facilities under lease agreements that expire at various dates. In addition, data processing, office and transportation equipment is leased under agreements that expire at various dates. Most leases contain renewal options that provide for rent increases based on prevailing market conditions. Lease expense for the years ended December 31, 2017, 2016 and 2015 was $66 million, $60 million and $46 million.

The table below presents the expected future minimum lease payments to be made under non-cancelable operating leases as of December 31, 2017.



(In millions)	Future Minimum Lease Payments
2018	$	40
2019	35
2020	37
2021	38
2022	35
Thereafter	232
Total	$	417