The Corporation leases certain locomotives, freight cars, trailers and other property. Future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2000 were as follows:

Rent expense for operating leases with terms exceeding one month was $652 million in 2000, $707 million in 1999 and $672 million in 1998. Contingent rentals and sub-rentals are not significant.