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25. RELATED PARTY TRANSACTIONS

ÌýÌýÌýÌýÌýÌýÌýÌýOur consolidated financial statements include the following transactions with our affiliates not otherwise disclosed (dollars in millions):

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ÌýÌýÌýÌýÌýÌýÌýÌýOur subsidiary Airstar Corporation ("Airstar") subleases a Gulfstream IV-SP Aircraft (the "Aircraft") from Jstar Corporation ("Jstar"), a corporation wholly owned by Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ pursuant to a lease arrangement that expires in 2021. Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ is the Executive Chairman and the father of our Chief Executive Officer, Peter R. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾. Under this arrangement, monthly sublease payments from Airstar to Jstar are approximately $120,000, and an aggregate of $7Ìýmillion is payable through the end of the remaining five year lease term. These monthly sublease payments are equal to the financing costs paid by Jstar to a leasing company and the arrangement does not result in a financial benefit to Jstar.

ÌýÌýÌýÌýÌýÌýÌýÌýWe occupy and use a portion of an office building owned by the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Foundation, a private charitable foundation established by Jon M. and Karen H. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ to further the charitable interests of the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ family, under a lease pursuant to which we make annual lease payments. With the scheduled transition of employees to The Woodlands, Texas the original lease rate was reduced by 50% effective FebruaryÌý1, 2016. During 2016, we made payments of approximately $1Ìýmillion to the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Foundation under the lease, which includes a contractual 2% increase from 2015. The lease expires on DecemberÌý31, 2018, subject to a five-year extension, at our option.

ÌýÌýÌýÌýÌýÌýÌýÌýThrough May 2002, we paid the premiums on various life insurance policies for Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾. These policies have been liquidated, and the cash values have been paid to Mr.ÌýÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾. Mr.ÌýÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ is indebted to us in the amount of approximately $2Ìýmillion with accrued interest, which represents the insurance premiums paid on his behalf through May 2002. This amount is included in other noncurrent assets in our consolidated balance sheets.

ÌýÌýÌýÌýÌýÌýÌýÌýEffective AugustÌý31, 2015, we entered into a Consulting Agreement with Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, Jr., one of our former directors and the former governor of Utah and U.S. Ambassador to Singapore and China. Pursuant to the Consulting Agreement, Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, Jr. agreed to: provide strategic advice to senior management and the Board of Directors of the Company on political, economic and business matters; support development and continued maintenance of the Company's high value customers and significant business relationships across all regions; support development and continued maintenance of governmental and business relationships in developing economic regions, particularly in connection with markets and opportunities in India, China and Southeast Asia; participate in negotiations and discussions with business executives and leaders, government officials and/or dignitaries; and participate in such other meetings or discussions as may be requested by senior management of the Company upon reasonable notice. In exchange for these services, we agree to pay Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, Jr. $50,000 per month and up to $200,000 in additional compensation based on achievement of designated results as determined by the Board of Directors. The Consulting Agreement was renewed for one year effective AugustÌý31, 2016, subject to our right to extend the agreement for additional one year terms. Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾, Jr. is the son of our Executive Chairman, Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ and the brother of our Chief Executive Officer, Peter R. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾.

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