Now that the U.S. has moved to normalize relations with Cuba, the countries will have to deal with decades-old claims from companies like Office Depot Inc., whose property was taken after Fidel Castro took power in 1959.

U.S. companies and citizens have filed claims now valued at more than $7 billion for factories, oil refineries, power plants, land and other assets that were nationalized after the revolution. They include several Fortune 500 companies, including Coca-Cola Co., Exxon Mobil Corp. , Starwood Hotels & Resorts Worldwide Inc. and Colgate-Palmolive Co.

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