Lease Commitments

12 Months Ended

Feb. 01, 2014

Rent expense charged to operations was $270 million for 2013 and $265 million for both 2012 and 2011. In addition, we are often required to pay real estate taxes, insurance and maintenance costs. These items are not included in the rent expenses listed above. Many store leases include multiple renewal options, exercisable at our option, that generally range from four to eight additional five-year periods.

Future minimum lease payments at February 1, 2014 were as follows:



	Capital Lease and Financing Obligations			Operating Leases
	(Dollars In Millions)
Fiscal year:
2014	$	314		$	245
2015	277			243
2016	273			239
2017	262			237
2018	249			237
Thereafter	3,080			4,772
	4,455			$	5,973
Non-cash gain on future sale of property	458
Amount representing interest	(2,844		)
Present value of lease payments	$	2,069

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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