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Leases
12 Months Ended
Jan. 28, 2012
Leases

15.  Leases

The Company is obligated under operating leases for almost all of its store properties. Some of the store leases contain renewal options with varying terms and conditions. Management expects that in the normal course of business, expiring leases will generally be renewed or, upon making a decision to relocate, replaced by leases on other premises. Operating lease periods generally range from 5 to 10 years. Certain leases provide for additional rent payments based on a percentage of store sales. Most of the Company’s leases require the payment of certain executory costs such as insurance, maintenance, and other costs in addition to the future minimum lease payments. These costs, including the amortization of lease rights, totaled $130 million, $131 million, and $138 million in 2011, 2010, and 2009, respectively. Included in the amounts below, are non-store expenses that totaled $17 million in 2011 and $15 million in 2010 and 2009.

     
  2011   2010   2009
     (in millions)
Minimum rent   $ 525     $ 507     $ 514  
Contingent rent based on sales     20       16       14  
Sublease income     (1 )      (1 )      (2 ) 
     $ 544     $ 522     $ 526  

Future minimum lease payments under non-cancelable operating leases, net of future non-cancelable operating sublease payments, are:

 
  (in millions)
2012   $ 478  
2013     420  
2014     366  
2015     321  
2016     260  
Thereafter     672  
Total operating lease commitments   $ 2,517