Annual report pursuant to Section 13 and 15(d)

Properties and Leases (Tables)

v3.7.0.1
Properties and Leases (Tables)
12 Months Ended
Jan. 28, 2017
Property Plant and Equipment and Leases of Lessee [Abstract]  
Property, Plant and Equipment
 
January 28,
2017
 
January 30,
2016
 
(millions)
Land
$
1,541

 
$
1,629

Buildings on owned land
4,212

 
4,690

Buildings on leased land and leasehold improvements
1,545

 
1,672

Fixtures and equipment
4,541

 
4,910

Leased properties under capitalized leases
34

 
34

 
11,873

 
12,935

Less accumulated depreciation and amortization
4,856

 
5,319

 
$
7,017

 
$
7,616

Minimum Rental Commitments (Excluding Executory Costs) for Noncancellable Leases
Minimum rental commitments (excluding executory costs) at January 28, 2017, for noncancellable leases are:
 
 
Capitalized
Leases
 
Operating
Leases
 
Total
 
(millions)
Fiscal year
 
 
 
 
 
2017
$
3

 
$
321

 
$
324

2018
3

 
304

 
307

2019
3

 
283

 
286

2020
3

 
249

 
252

2021
3

 
237

 
240

After 2021
37

 
2,289

 
2,326

Total minimum lease payments
52

 
$
3,683

 
$
3,735

Less amount representing interest
24

 
 
 
 
Present value of net minimum capitalized lease payments
$
28

 
 
 
 
Rental Expense
Rental expense consists of:
 
 
2016
 
2015
 
2014
 
(millions)
Real estate (excluding executory costs)
 
 
 
 
 
Capitalized leases –
 
 
 
 
 
Contingent rentals
$

 
$

 
$

Operating leases –
 
 
 
 
 
Minimum rentals
312

 
288

 
265

Contingent rentals
12

 
19

 
22

 
324

 
307

 
287

Less income from subleases –
 
 
 
 
 
Operating leases
(5
)
 
(6
)
 
(8
)
 
$
319

 
$
301

 
$
279

Personal property – Operating leases
$
11

 
$
12

 
$
12