11-Month | 12-Month | ||||||||||
2013 | 2012 | 2011 | |||||||||
Minimum rentals | $ | 1,080 | $ | 1,192 | $ | 1,141 | |||||
Contingent rentals | 1 | 2 | 2 | ||||||||
Total rent expense | 1,081 | 1,194 | 1,143 | ||||||||
Less: sublease income | (16 | ) | (19 | ) | (19 | ) | |||||
Net rent expense | $ | 1,065 | $ | 1,175 | $ | 1,124 |
Fiscal Year | Capital Leases | Financing Leases | Operating Leases(1) | |||||||||
2014 | $ | 27 | $ | 30 | $ | 1,238 | ||||||
2015 | 25 | 28 | 1,156 | |||||||||
2016 | 17 | 25 | 1,034 | |||||||||
2017 | 5 | 19 | 888 | |||||||||
2018 | 3 | 15 | 703 | |||||||||
Thereafter | 20 | 28 | 1,994 | |||||||||
Subtotal | 97 | 145 | $ | 7,013 | ||||||||
Less: imputed interest | (17 | ) | (23 | ) | ||||||||
Present value | $ | 80 | $ | 122 |
(1) | Operating lease obligations do not include payments to landlords covering real estate taxes and common area maintenance. These charges, if included, would increase total operating lease obligations by $1.6 billion at February 2, 2013. |