Please assist with the following: Analyzing and Interpreting Footnote on Both Operating...
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Accounting
Please assist with the following:
Analyzing and Interpreting Footnote on Both Operating and Capital Leases Verizon Communications Inc. provides the following footnote relating to its leasing activities in its 10-K report. The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2014, are: (in millions) 2015 2016 2017 2018 2019 Thereafter Capital Leases Operating Leases $2,499 2,245 1,960 1,660 1,369 4,670 $14,403 137 113 68 39 60 598 82 516 158 $358 Total minimum rental commitments Less interest and executory costs Present value of minimum lease payments Less current installments Long-term obligation at December 31, 2014 Assuming that this is the only available information relating to its leasing activities, what amount does Verizon report on its balance sheet for its lease obligations? x million
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