Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.6.0.2
Leases (Tables)
12 Months Ended
Jan. 28, 2017
Leases [Abstract]  
Schedule of Rent Expense
Rent expense, net of sublease income, was as follows:
($ in millions)
 
2016
 
2015
 
2014
Real property base rent and straight-lined step rent expense
 
$
214

 
$
221

 
$
233

Real property contingent rent expense (based on sales)
 
7

 
7

 
8

Personal property rent expense
 
31

 
39

 
53

Total rent expense
 
$
252

 
$
267

 
$
294

Less: sublease income(1)
 
(11
)
 
(11
)
 
(13
)
Net rent expense
 
$
241

 
$
256

 
$
281


(1)
Sublease income is reported in Real estate and other, net.
Schedule of Future Minimum Rental Payments for Operating Leases
As of January 28, 2017, future minimum lease payments for non-cancelable operating leases, including lease renewals determined to be reasonably assured and capital leases, including our note payable, were as follows:  
($ in millions)
 
2017
$
220

2018
193

2019
173

2020
158

2021
143

Thereafter
1,822

Less: sublease income
(16
)
Total minimum lease payments
$
2,693

Schedule of Future Minimum Lease Payments for Capital Leases
($ in millions)
 
2017
$
30

2018
21

2019
21

2020
18

2021
19

Thereafter
205

Less: sublease income

Total payments
314

Plus: amount representing residual asset balance
77

Less: amounts representing interest
(157
)
Present value of net minimum lease obligations, financing obligation and note payable
$
234