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Leases
 12 Months Ended
Aug. 31, 2019
Leases [Abstract]  
Leases
Leases

The following table is a summary of the future minimum lease payments as of August 31, 2019 (in millions):
 
Finance lease obligation
 
Capital lease
 
Operating lease1
2020
$
21

 
$
59

 
$
3,484

2021
21

 
60

 
3,323

2022
20

 
58

 
3,124

2023
20

 
57

 
2,943

2024
20

 
58

 
2,771

Later
209

 
801

 
16,623

Total minimum lease payments
$
311

 
$
1,093

 
$
32,268



1 
Includes $1.6 billion of minimum rental commitments on closed locations

The capital and finance lease amounts include $683 million of imputed interest. Total minimum lease payments have not been reduced by minimum sublease rentals of $344 million due in the future under non-cancelable subleases.

The Company continuously evaluates its real estate portfolio in conjunction with its capital needs. Historically, the Company has entered into several sale-leaseback transactions. In fiscal 2019, proceeds from sale-leaseback transactions were not material. In fiscal 2018, the Company did not record any proceeds from sale-leaseback transactions. In fiscal 2017, the Company recorded proceeds from sale-leaseback transactions of $444 million.

In fiscal 2019, 2018 and 2017, the Company recorded charges of $185 million, $129 million and $394 million, respectively, for closed or relocated facilities. These charges are reported in selling, general and administrative expenses in the Consolidated Statements of Earnings.

The changes in liability for facility closings and related lease termination charges include the following (in millions):
 
 
2019
 
2018
Balance at beginning of period
 
$
964

 
$
718

Provision for present value of non-cancelable lease payments on closed facilities
 
90

 
52

Changes in assumptions
 
56

 
19

Accretion expense
 
39

 
58

Other - non cash1
 
160

 
338

Cash payments, net of sublease income
 
(316
)
 
(221
)
Balance at end of period
 
$
993

 
$
964



1 Primarily unfavorable lease liabilities from acquired Rite Aid stores.

Rental expense, which includes common area maintenance, insurance and taxes, where appropriate, was as follows (in millions):
 
 
2019
 
2018
 
2017
Minimum rentals
 
$
3,622

 
$
3,447

 
$
3,259

Contingent rentals
 
74

 
68

 
59

Less: sublease rental income
 
(66
)
 
(67
)
 
(55
)
 
 
$
3,631

 
$
3,448

 
$
3,263