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Commitments
12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Commitments

NOTE 28—COMMITMENTS

Non-cancellable operating leases commitments

The Group leases various buildings, machinery, and equipment under operating lease agreements. Total rent expense was €31 million for the year ended December 31, 2018 (€27 million for the year ended December 31, 2017 and €27 million for the year ended December 31, 2016).

The future aggregate minimum lease payments under non-cancellable operating leases are as follows:

 

(in millions of Euros)

  At December 31, 2018     At December 31, 2017  

Less than 1 year

    24     19  

1 to 5 years

    63     49  

More than 5 years

    46     40  
 

 

 

   

 

 

 

Total non-cancellable operating leases minimum payments

    133     108  
 

 

 

   

 

 

 

Capital expenditures commitments

 

(in millions of Euros)

  At December 31, 2018     At December 31, 2017  

Computer Software

    1     2  

Property, plant and equipment

    123     99  
 

 

 

   

 

 

 

Total capital expenditure commitments

    124     101