Annual report pursuant to Section 13 and 15(d)

Properties and Leases (Tables)

v3.19.1
Properties and Leases (Tables)
12 Months Ended
Feb. 02, 2019
Property Plant and Equipment and Leases of Lessee [Abstract]  
Property, Plant and Equipment
The major classes of property and equipment, net as of February 2, 2019 and February 3, 2018 are as follows: 
 
February 2,
2019
 
February 3,
2018
 
(millions)
Land
$
1,454

 
$
1,494

Buildings on owned land
4,019

 
4,106

Buildings on leased land and leasehold improvements
1,404

 
1,444

Fixtures and equipment
4,230

 
4,204

Leased properties under capitalized leases
25

 
34

 
11,132

 
11,282

Less accumulated depreciation and amortization
4,495

 
4,610

 
$
6,637

 
$
6,672

Minimum Rental Commitments (Excluding Executory Costs) for Noncancellable Leases
As of February 2, 2019, minimum rental commitments (excluding executory costs) for noncancellable leases, including executed leases not yet commenced, are as follows:
 
 
Capitalized
Leases
 
Operating
Leases
 
Total
 
(millions)
Fiscal year
 
 
 
 
 
2019
$
3

 
$
325

 
$
328

2020
3

 
315

 
318

2021
3

 
309

 
312

2022
3

 
283

 
286

2023
3

 
264

 
267

After 2023
31

 
2,758

 
2,789

Total minimum lease payments
46

 
$
4,254

 
$
4,300

Less amount representing interest
20

 
 
 
 
Present value of net minimum capitalized lease payments
$
26

 
 
 
 
Rental Expense
Rental expense consists of:
 
 
2018
 
2017
 
2016
 
(millions)
Real estate (excluding executory costs)
 
 
 
 
 
Operating leases –
 
 
 
 
 
Minimum rentals
$
317

 
$
317

 
$
312

Contingent rentals
11

 
11

 
12

 
328

 
328

 
324

Less income from subleases –
 
 
 
 
 
Operating leases
(1
)
 
(3
)
 
(5
)
 
$
327

 
$
325

 
$
319

Personal property – Operating leases
$
9

 
$
10

 
$
11