LEASES (Tables)

12 Months Ended

Feb. 24, 2018

Future Minimum Lease and Subtenant Rentals Under Noncancellable Leases

Future minimum lease payments to be made by us for noncancellable operating leases and capital leases as of February 24, 2018 consist of the following:



	Lease Obligations
Fiscal Year	Operating Leases		Capital Leases
2019	$	77	$	41
2020	79		38
2021	62		34
2022	46		30
2023	34		23
Thereafter	123		84
Total future minimum obligations	$	421	250
Less interest			(75		)
Present value of net future minimum obligations			175
Less current capital lease obligations			(26		)
Long-term capital lease obligations			$	149

Rent Expense and Subtenant Rentals

Rent expense, other operating lease expense and subtenant rentals all under operating leases consisted of the following:



	2018			2017			2016
Minimum rent	$	103		$	86		$	87
Contingent rent	3			4			4
Rent expense⁽¹⁾	106			90			91
Less subtenant rentals	(29		)	(27		)	(27		)
Total net rent expense	$	77		$	63		$	64

Noncancellable Operating Leases and Capital Leases

Future minimum lease and subtenant rentals to be received under noncancellable operating and deferred financing income leases, under which we are the lessor, as of February 24, 2018, consist of the following:



	Lease Receipts
Fiscal Year	Operating Leases		Direct Financing Leases
2019	$	20	$	1
2020	19		—
2021	15		—
2022	13		—
2023	8		—
Thereafter	23		—
Total minimum lease receipts	$	98	$	1

Carrying Value of Owned Property Leased to Third Parties Under Operating Leases

The carrying value of owned property leased to third parties under operating leases was as follows:



	2018			2017
Property, plant and equipment	$	4		$	4
Less accumulated depreciation	(3		)	(3		)
Property, plant and equipment, net	$	1		$	1