Annual report pursuant to Section 13 and 15(d)

Properties and Leases (Tables)

v3.3.1.900
Properties and Leases (Tables)
12 Months Ended
Jan. 30, 2016
Property Plant and Equipment and Leases of Lessee [Abstract]  
Property, Plant and Equipment
 
January 30,
2016
 
January 31,
2015
 
(millions)
Land
$
1,629

 
$
1,664

Buildings on owned land
4,690

 
5,049

Buildings on leased land and leasehold improvements
1,672

 
1,819

Fixtures and equipment
4,910

 
4,828

Leased properties under capitalized leases
34

 
34

 
12,935

 
13,394

Less accumulated depreciation and amortization
5,319

 
5,594

 
$
7,616

 
$
7,800

Minimum Rental Commitments (Excluding Executory Costs) for Noncancellable Leases
Minimum rental commitments (excluding executory costs) at January 30, 2016, for noncancellable leases are:
 
 
Capitalized
Leases
 
Operating
Leases
 
Total
 
(millions)
Fiscal year
 
 
 
 
 
2016
$
3

 
$
306

 
$
309

2017
3

 
298

 
301

2018
3

 
281

 
284

2019
3

 
262

 
265

2020
3

 
232

 
235

After 2020
40

 
2,496

 
2,536

Total minimum lease payments
55

 
$
3,875

 
$
3,930

Less amount representing interest
25

 
 
 
 
Present value of net minimum capitalized lease payments
$
30

 
 
 
 
Rental Expense
Rental expense consists of:
 
 
2015
 
2014
 
2013
 
(millions)
Real estate (excluding executory costs)
 
 
 
 
 
Capitalized leases –
 
 
 
 
 
Contingent rentals
$

 
$

 
$

Operating leases –
 
 
 
 
 
Minimum rentals
288

 
265

 
256

Contingent rentals
19

 
22

 
22

 
307

 
287

 
278

Less income from subleases –
 
 
 
 
 
Operating leases
(6
)
 
(8
)
 
(10
)
 
$
301

 
$
279

 
$
268

Personal property – Operating leases
$
12

 
$
12

 
$
11