Pitney Bowes 2010 Annual Report Download - page 89

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
70
projections. Plaintiffs filed an amended complaint on September 20, 2010. On December 3, 2010, defendants moved to dismiss the
complaint. Oral argument on that motion is scheduled for April 15, 2011.
We expect to prevail in the legal actions above; however, as litigation is inherently unpredictable, there can be no assurance in this
regard. If the plaintiffs do prevail, the results may have a material effect on our financial position, future results of operations or cash
flows, including, for example, our ability to offer certain types of goods or services in the future.
16. Leases
We lease office facilities, sales and service offices, equipment and other properties, generally under operating lease agreements
extending from three to 25 years. Rental expense was $118 million, $125 million and $129 million in 2010, 2009 and 2008,
respectively. Future minimum lease payments under non-cancelable operating leases at December 31, 2010 are as follows:
Years ending December 31,
2011 $ 99,225
2012 74,408
2013 44,440
2014 27,167
2015 17,498
Thereafter 26,632
Total minimum lease payments $ 289,370