Leases

The composition of net rent expense for all operating leases, including leases of property and equipment, was as follows in fiscal 2013 (11-month), 2012 and 2011 ($ in millions):



	11-Month			12-Month
	2013			2012			2011
Minimum rentals	$	892		$	980		$	933
Contingent rentals	1			2			2
Total rent expense	893			982			935
Less: sublease income	(15		)	(18		)	(19		)
Net rent expense	$	878		$	964		$	916

The future minimum lease payments under our capital, financing and operating leases by fiscal year (not including contingent rentals) at February 2, 2013, were as follows ($ in millions):



Fiscal Year	Capital Leases			Financing Leases			Operating Leases⁽¹⁾
2014	$	27		$	30		$	1,050
2015	25			28			988
2016	17			25			885
2017	5			19			758
2018	3			15			598
Thereafter	20			28			1,632
Subtotal	97			145			$	5,911
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.

Total minimum lease payments have not been reduced by minimum sublease rent income of approximately $125 million due under future noncancelable subleases.