Annual report pursuant to Section 13 and 15(d)

Properties and Leases (Tables)

v2.4.0.8
Properties and Leases (Tables)
12 Months Ended
Feb. 01, 2014
Property Plant and Equipment and Leases of Lessee [Abstract]  
Property, Plant and Equipment
 
February 1,
2014
 
February 2,
2013
 
(millions)
Land
$
1,696

 
$
1,736

Buildings on owned land
5,405

 
5,398

Buildings on leased land and leasehold improvements
2,041

 
2,057

Fixtures and equipment
4,811

 
4,909

Leased properties under capitalized leases
43

 
43

 
13,996

 
14,143

Less accumulated depreciation and amortization
6,066

 
5,947

 
$
7,930

 
$
8,196

Minimum Rental Commitments (Excluding Executory Costs) for Noncancellable Leases
Minimum rental commitments (excluding executory costs) at February 1, 2014, for noncancellable leases are:
 
 
Capitalized
Leases
 
Operating
Leases
 
Total
 
(millions)
Fiscal year
 
 
 
 
 
2014
$
4

 
$
282

 
$
286

2015
3

 
253

 
256

2016
3

 
224

 
227

2017
3

 
202

 
205

2018
3

 
184

 
187

After 2018
46

 
1,775

 
1,821

Total minimum lease payments
62

 
$
2,920

 
$
2,982

Less amount representing interest
30

 
 
 
 
Present value of net minimum capitalized lease payments
$
32

 
 
 
 
Rental Expense
Rental expense consists of:
 
 
2013
 
2012
 
2011
 
(millions)
Real estate (excluding executory costs)
 
 
 
 
 
Capitalized leases –
 
 
 
 
 
Contingent rentals
$

 
$

 
$

Operating leases –
 
 
 
 
 
Minimum rentals
256

 
248

 
242

Contingent rentals
22

 
21

 
19

 
278

 
269

 
261

Less income from subleases –
 
 
 
 
 
Operating leases
(10
)
 
(11
)
 
(18
)
 
$
268

 
$
258

 
$
243

Personal property – Operating leases
$
11

 
$
11

 
$
10