Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v2.4.0.8
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Rent expense under these leases
Rent expense under these leases was as follows:
 
 
December 31,
In millions
 
2013
 
2012
 
2011
Rent expense
 
$
186

 
$
176

 
$
166

Schedule of capital leases by major property class
The following is a summary of the leased property under capital leases by major classes:
 
 
Asset balances at December 31,
In millions
 
2013
 
2012
Building
 
$
103

 
$
66

Equipment
 
97

 
110

Other
 
16

 
15

Less: Accumulated depreciation
 
(96
)
 
(103
)
Total
 
$
120

 
$
88

Future minimum lease payments due under capital and operating leases
Following is a summary of the future minimum lease payments due under capital and operating leases, including leases in our rental business, with terms of more than one year at December 31, 2013, together with the net present value of the minimum payments due under capital leases:
In millions
 
Capital Leases
 
Operating Leases
2014
 
$
20

 
$
171

2015
 
20

 
111

2016
 
18

 
78

2017
 
11

 
57

2018
 
9

 
41

After 2018
 
48

 
111

Total minimum lease payments
 
$
126

 
$
569

Interest
 
(34
)
 
 

Present value of net minimum lease payments
 
$
92