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35 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 2016 aggregated CHF 845 million (prior year: CHF 886 million).

Operating leases

Operating leases relate primarily to the rental of real estate for business purposes. See Note 26. In 2016, payments for operating leases amounted to CHF 331 million (prior year: CHF 314 million). Future minimum lease payments in respect of operating lease contracts are as follows:

In CHF million   31.12.2016   31.12.2015
Within 1 year   162   150
Within 1 to 2 years   142   140
Within 2 to 3 years   126   117
Within 3 to 4 years   113   101
Within 4 to 5 years   88   89
After 5 years   305   372
Total future minimum lease payments   936   969