Leases

The composition of net rent expense for all operating leases, including leases of property and equipment, was as follows in fiscal 2015, 2014 and 2013 (11-month) ($ in millions):



	12-Month			12-Month			11-Month
	2015			2014			2013
Minimum rentals	$	848		$	864		$	809
Contingent rentals	2			2			1
Total rent expense	850			866			810
Less: sublease income	(18		)	(18		)	(16		)
Net rent expense	$	832		$	848		$	794

The future minimum lease payments under our capital, financing and operating leases by fiscal year (not including contingent rentals) at January 31, 2015, were as follows ($ in millions):



Fiscal Year	Capital Leases			Financing Leases			Operating Leases⁽¹⁾
2016	$	22		$	24		$	873
2017	11			18			771
2018	7			14			641
2019	4			9			499
2020	2			6			365
Thereafter	15			9			727
Subtotal	61			80			$	3,876
Less: imputed interest	(9		)	(11		)
Present value	$	52		$	69


(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 $1.2 billion at January 31, 2015.

Total minimum lease payments have not been reduced by minimum sublease rent income of approximately $117 million due under future noncancelable subleases.