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Leases
12 Months Ended
Jan. 30, 2016
Leases
Leases
The Company is committed to noncancelable leases with remaining terms generally from one to 10 years. A substantial portion of the Company’s leases consist of store leases generally with an initial term of 10 years. Annual store rent consists of a fixed minimum amount and/or contingent rent based on a percentage of sales exceeding a stipulated amount. Store lease terms generally require additional payments covering certain operating costs such as common area maintenance, utilities, insurance and taxes. These additional payments are excluded from the table below.
The following table provides rent expense for 2015, 2014 and 2013:
 
 
2015
 
2014
 
2013
 
(in millions)
Store Rent:
 
 
 
 
 
Fixed Minimum
$
535

 
$
516

 
$
482

Contingent
73

 
63

 
59

Total Store Rent
608

 
579

 
541

Office, Equipment and Other
77

 
68

 
72

Gross Rent Expense
685

 
647

 
613

Sublease Rental Income
(2
)
 
(2
)
 
(2
)
Total Rent Expense
$
683

 
$
645

 
$
611


The following table provides the Company’s minimum rent commitments under noncancelable operating leases in the next five fiscal years and the remaining years thereafter:
 
Fiscal Year (in millions) (a)
 
2016
$
640

2017
625

2018
546

2019
500

2020
472

Thereafter
1,970

 ________________
(a)
Excludes additional payments covering taxes, common area costs and certain other expenses generally required by store lease terms.