Annual report pursuant to Section 13 and 15(d)

Properties and Leases (Tables)

v3.8.0.1
Properties and Leases (Tables)
 12 Months Ended
Feb. 03, 2018
Property Plant and Equipment and Leases of Lessee [Abstract]  
Property, Plant and Equipment
 
 
February 3,
2018
 
January 28,
2017
 
(millions)
Land
$
1,494

 
$
1,541

Buildings on owned land
4,106

 
4,212

Buildings on leased land and leasehold improvements
1,444

 
1,545

Fixtures and equipment
4,204

 
4,541

Leased properties under capitalized leases
34

 
34

 
11,282

 
11,873

Less accumulated depreciation and amortization
4,610

 
4,856

 
$
6,672

 
$
7,017

Minimum Rental Commitments (Excluding Executory Costs) for Noncancellable Leases
Minimum rental commitments (excluding executory costs) at February 3, 2018, for noncancellable leases are:
 
 
Capitalized
Leases
 
Operating
Leases
 
Total
 
(millions)
Fiscal year
 
 
 
 
 
2018
$
3

 
$
327

 
$
330

2019
3

 
312

 
315

2020
3

 
274

 
277

2021
3

 
259

 
262

2022
3

 
235

 
238

After 2022
34

 
2,139

 
2,173

Total minimum lease payments
49

 
$
3,546

 
$
3,595

Less amount representing interest
22

 
 
 
 
Present value of net minimum capitalized lease payments
$
27

 
 
 
 
Rental Expense
Rental expense consists of:
 
 
2017
 
2016
 
2015
 
(millions)
Real estate (excluding executory costs)
 
 
 
 
 
Operating leases –
 
 
 
 
 
Minimum rentals
$
317

 
$
312

 
$
288

Contingent rentals
11

 
12

 
19

 
328

 
324

 
307

Less income from subleases –
 
 
 
 
 
Operating leases
(3
)
 
(5
)
 
(6
)
 
$
325

 
$
319

 
$
301

Personal property – Operating leases
$
10

 
$
11

 
$
12