Leases

The composition of net rent expense for all operating leases, including leases of property and equipment, was as follows in fiscal 2019, fiscal 2018 and fiscal 2017 ($ in millions):



	2019			2018			2017
Total rent expense	$	783		$	798		$	790
Less sublease income	(15		)	(16		)	(16		)
Net rent expense	$	768		$	782		$	774

The future minimum lease payments under our capital, financing and operating leases by fiscal year (not including contingent rent) at February 2, 2019, were as follows ($ in millions):



Fiscal Year	Capital Leases			Financing Leases			Operating Leases⁽¹⁾
2020	$	14		$	48		$	700
2021	11			42			648
2022	7			35			513
2023	4			24			371
2024	2			16			253
Thereafter	7			40			476
Total minimum lease payments	45			205			$	2,961
Less amount representing interest	(6		)	(24		)
Present value of minimum lease payments	39			181
Less current maturities	(12		)	(43		)
Present value of minimum lease payments, less current maturities	$	27		$	138


(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 $0.8 billion at February 2, 2019.

Total minimum lease payments have not been reduced by minimum sublease rental income of approximately $71 million due under future noncancelable subleases.