JPMORGAN CHASE & CO | 2013 | FY | 3


The following table presents required future minimum rental payments under operating leases with noncancelable lease terms that expire after December 31, 2013.
Year ended December 31, (in millions)
 
2014
$
1,936

2015
1,845

2016
1,687

2017
1,529

2018
1,267

After 2018
6,002

Total minimum payments required(a)
14,266

Less: Sublease rentals under noncancelable subleases
(2,595
)
Net minimum payment required
$
11,671

(a)
Lease restoration obligations are accrued in accordance with U.S. GAAP, and are not reported as a required minimum lease payment.

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