Future commitments

Commitments for future capital expenditures

Firm contractual commitments for future investments in property, plant and equipment and other intangible assets as of 31 December 2013 aggregated CHF 862 million (prior year: CHF 868 million).

Operating leases

Operating leases relate primarily to the rental of real estate for business purposes. See Note 26. In 2013, payments for operating leases amounted to CHF 301 million (prior year: CHF 272 million). Future minimum lease payments in respect of operating lease contracts are as follows:

In CHF million   31.12.2013   31.12.2012
Within 1 year   104   118
Within 1 to 2 years   95   98
Within 2 to 3 years   76   87
Within 3 to 4 years   62   69
Within 4 to 5 years   50   54
After 5 years   240   269
Total future minimum lease payments   627   695