Annual report pursuant to Section 13 and 15(d)

Properties and Leases (Tables)

v2.4.0.6
Properties and Leases (Tables)
12 Months Ended
Jan. 28, 2012
Property Plant and Equipment and Leases of Lessee [Abstract]  
Property, Plant and Equipment
 
January 28,
2012
 
January 29,
2011
 
(millions)
Land
$
1,689

 
$
1,702

Buildings on owned land
5,234

 
5,148

Buildings on leased land and leasehold improvements
2,165

 
2,227

Fixtures and equipment
5,275

 
5,752

Leased properties under capitalized leases
43

 
33

 
14,406

 
14,862

Less accumulated depreciation and amortization
5,986

 
6,049

 
$
8,420

 
$
8,813

Minimum Rental Commitments (Excluding Executory Costs) for Noncancellable Leases
Minimum rental commitments (excluding executory costs) at January 28, 2012, for noncancellable leases are:
 
 
Capitalized
Leases
 
Operating
Leases
 
Total
 
(millions)
Fiscal year:
 
 
 
 
 
2012
$
6

 
$
255

 
$
261

2013
5

 
244

 
249

2014
5

 
224

 
229

2015
3

 
187

 
190

2016
3

 
168

 
171

After 2015
52

 
1,689

 
1,741

Total minimum lease payments
74

 
$
2,767

 
$
2,841

Less amount representing interest
35

 
 
 
 
Present value of net minimum capitalized lease payments
$
39

 
 
 
 
Rental Expense
Rental expense consists of:
 
 
2011
 
2010
 
2009
 
(millions)
Real estate (excluding executory costs)
 
 
 
 
 
Capitalized leases –
 
 
 
 
 
Contingent rentals
$

 
$

 
$

Operating leases –
 
 
 
 
 
Minimum rentals
242

 
234

 
230

Contingent rentals
19

 
16

 
15

 
261

 
250

 
245

Less income from subleases –
 
 
 
 
 
Operating leases
(18
)
 
(15
)
 
(16
)
 
$
243

 
$
235

 
$
229

Personal property – Operating leases
$
10

 
$
10

 
$
12