Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.8.0.1
Leases (Tables)
12 Months Ended
Feb. 03, 2018
Leases [Abstract]  
Schedule of Rent Expense
Rent expense, net of sublease income, was as follows:
($ in millions)
 
2017
 
2016
 
2015
Real property base rent and straight-lined step rent expense
 
$
177

 
$
214

 
$
221

Real property contingent rent expense (based on sales)
 
8

 
7

 
7

Personal property rent expense
 
29

 
31

 
39

Total rent expense
 
$
214

 
$
252

 
$
267

Less: sublease income (1)
 
(11
)
 
(11
)
 
(11
)
Net rent expense
 
$
203

 
$
241

 
$
256


(1)
Sublease income is reported in Real estate and other, net.
Schedule of Future Minimum Rental Payments for Operating Leases
As of February 3, 2018, 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)
 
2018
$
211

2019
187

2020
169

2021
150

2022
132

Thereafter
1,686

Less: sublease income
(51
)
Total minimum lease payments
$
2,484

Schedule of Future Minimum Lease Payments for Capital Leases
($ in millions)
 
2018
$
21

2019
21

2020
19

2021
19

2022
19

Thereafter
186

Total payments
285

Plus: amount representing residual asset balance
77

Less: amounts representing interest
(142
)
Present value of net minimum lease obligations, financing obligation and note payable
$
220