Warranty, Guarantees, Commitments and Contingencies Leases Applied leases some of its facilities and equipment under non-cancelable operating leases and has options to renew most leases, with rentals to be negotiated. Total rent expense for fiscal 2015 , 2014 and 2013 , was $32 million , $37 million and $36 million , respectively. As of October 25, 2015 , future minimum lease payments are expected to be as follows: Lease Payments Fiscal (In millions) 2016 $ 25 2017 16 2018 8 2019 5 2020 3 Thereafter 4 $ 61 Warranty Changes in the warranty reserves during each fiscal year were as follows: 2015 2014 2013 (In millions) Beginning balance $ 113 $ 102 $ 119 Provisions for warranty 117 115 103 Consumption of reserves (104 ) (104 ) (120 ) Ending balance $ 126 $ 113 $ 102 Applied products are generally sold with a 12-month warranty period following installation. The provision for the estimated cost of warranty is recorded when revenue is recognized. Parts and labor are covered under the terms of the warranty agreement. The warranty provision is based on historical experience by product, configuration and geographic region. Quarterly warranty consumption is generally associated with sales that occurred during the preceding four quarters, and quarterly warranty provisions are generally related to the current quarter s sales. Guarantees In the ordinary course of business, Applied provides standby letters of credit or other guarantee instruments to third parties as required for certain transactions initiated by either Applied or its subsidiaries. As of October 25, 2015 , the maximum potential amount of future payments that Applied could be required to make under these guarantee agreements was approximately $58 million . Applied has not recorded any liability in connection with these guarantee agreements beyond that required to appropriately account for the underlying transaction being guaranteed. Applied does not believe, based on historical experience and information currently available, that it is probable that any amounts