Leases

The composition of net rent expense for all operating leases, including leases of property and equipment, was as follows in fiscal 2014, 2013 (11-month) and 2012 ($ in millions):



	12-Month			11-Month			12-Month
	2014			2013			2012
Minimum rentals	$	951		$	890		$	980
Contingent rentals	2			1			2
Total rent expense	953			891			982
Less: sublease income	(18		)	(16		)	(18		)
Net rent expense	$	935		$	875		$	964

The future minimum lease payments under our capital, financing and operating leases by fiscal year (not including contingent rentals) at February 1, 2014, were as follows ($ in millions):



Fiscal Year	Capital Leases			Financing Leases			Operating Leases⁽¹⁾
2015	$	26		$	27		$	1,027
2016	18			25			931
2017	8			19			807
2018	3			15			656
2019	2			9			496
Thereafter	17			17			1,116
Subtotal	74			112			$	5,033
Less: imputed interest	(11		)	(17		)
Present value	$	63		$	95


(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 $1.5 billion at February 1, 2014.

Total minimum lease payments have not been reduced by minimum sublease rent income of approximately $160 million due under future noncancelable subleases.