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Commitments | 12 Months Ended
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Dec. 31, 2011
COMMITMENTS | 12. COMMITMENTS The following disclosures exclude any businesses classified as discontinued operations or held-for-sale. OPERATING LEASES—As of December 31, 2011, the Company was obligated under long-term non-cancelable operating leases, primarily for certain transmission lines, office rental and site leases. Rental expense for lease commitments under these operating leases for the years ended December 31, 2011, 2010 and 2009 was $63 million, $56 million and $60 million, respectively. The table below sets forth the future minimum lease commitments under these operating leases as of December 31, 2011 for 2012 through 2016 and thereafter:
December 31, |  | Future Commitments for Operating Leases
|  |  | (in millions)
2012 | . |  | $ | 57
2013 | . |  |  | 57
2014 | . |  |  | 55
2015 | . |  |  | 54
2016 | . |  |  | 54
Thereafter |  |  | 730
Total |  | $ | 1,007
CAPITAL LEASES—Several AES subsidiaries lease operating and office equipment and vehicles that are considered capital lease transactions. These capital leases are recognized in Property, Plant and Equipment within “Electric generation and distribution assets” and primarily relate to transmission lines at our subsidiaries in Brazil. The gross value of the leased assets as of December 31, 2011 and 2010 was $95 million and $97 million, respectively. The following table summarizes the future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of December 31, 2011 for 2012 through 2016 and thereafter:
December 31, |  | Future Minimum Lease Payments
|  |  | (in millions)
2012 | . |  | $ | 14
2013 | . |  |  | 11
2014 | . |  |  | 10
2015 | . |  |  | 9
2016 | . |  |  | 9
Thereafter |  |  | 125
Total |  | $ | 178
Less: Imputed interest |  |  | 106
Present value of total minimum lease payments |  | $ | 72
CONTRACTS—Operating subsidiaries of the Company have entered into contracts for the purchase of electricity from third parties that primarily include energy auction agreements at our Brazil subsidiaries with extended terms from 201 2 through 2028 and in some cases are subject to variable quantities or prices. Purchases in the years ended December 31, 2011, 2010 and 2009 were approximately $2.5 billion, $2.4 billion and $2.1 billion, respectively. The table below sets forth the future minimum commitments under these electricity purchase contracts at December 31, 2011 for 2012 through 2016 and thereafter:
December 31, |  | Future Commitments for Electricity Purchase Contracts
|  |  | (in millions)
2012 | . |  | $ | 2,800
2013 | . |  |  | 2,412
2014 | . |  |  | 2,034
2015 | . |  |  | 1,995
2016 | . |  |  | 1,979
Thereafter |  |  | 23,887
Total |  | $ | 35,107
Operating subsidiaries of the Company have entered into various long-term contracts for the purchase of fuel subject to termination only in certain limited circumstances and in some cases are subject to variable quantities or prices. Purchases in the years ended December 31, 2011, 2010 and 2009 were $1.7 billion, $1.7 billion and $1.2 b illion, respectively. The table below sets forth the future minimum commitments under these fuel contracts as of December 31, 2011 for 2012 through 2016 and thereafter:
December 31, |  | Future Commitments for Fuel Contracts
|  |  | (in millions)
2012 | . |  | $ | 1,980
2013 | . |  |  | 1,187
2014 | . |  |  | 790
2015 | . |  |  | 663
2016 | . |  |  | 661
Thereafter |  |  | 4,875
Total |  | $ | 10,156
The Company's subsidiaries have entered into other various long-term contracts. These contracts are mainly for construction projects, service and maintenance, transmission of electricity and other operation services. Payments under these contracts for the years ended December 31, 2011, 2010 and 2009 were $1.7 billion, $1.6 b illion and $2.7 b illion, respectively. The table below sets forth the future minimum commitments under these other purchase contracts as of December 31, 2011 for 2012 through 2016 and thereafter:
December 31, |  | Future Commitments for Other Purchase Contracts
|  |  | (in millions)
2012 | . |  | $ | 1,831
2013 | . |  |  | 1,454
2014 | . |  |  | 1,209
2015 | . |  |  | 968
2016 | . |  |  | 883
Thereafter |  |  | 9,496
Total |  | $ | 15,841

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.17) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 25 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.(a)(19)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 17 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 03 -Paragraph 19 + Details
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