Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v2.4.0.6
Leases (Tables)
12 Months Ended
Jan. 28, 2012
Leases [Abstract]  
Schedule of Rent Expense [Table Text Block]

 

 

 

 

($ in millions)

2011

 

2010

 

2009

 

Real property base rent and straight-lined step rent expense

$                243

$                244

$                252

Real property contingent rent expense (based on sales)

                   16

                    16

                    14

Personal property rent expense

                   64

                    61

                    59

 

 

 

 

Total rent expense

$                323

$                321

$                325

Less: sublease income(1)

                   (18)

                   (17)

                  (21)

 

 

 

 

Net rent expense

$                305

$                304

$                304

 

 

 

 

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

 

 

 

($ in millions)

Operating

 

Capital

 

2012

$                260

$                1

2013

                  224

                  1

2014

                  194

                  1

2015

                  167

                  1

2016

                  144

                  -

Thereafter

               1,927

                  -

Less: sublease payments

                  (38)

                  -

 

 

 

Total minimum lease payments

$            2,878

$                4

 

 

 

Present value

$            1,282

$                3

Weighted-average interest rate

                  7.9%

              8.5%