Leases (Tables)

12 Months Ended

Feb. 02, 2013

(a): Rent income in 2012 and 2011 includes $75 million and $51 million, respectively, related to sites acquired in our Canadian leasehold acquisition that are being subleased back to Zellers for various terms, which all end no later than March 31, 2013.

Future Minimum Lease Payments (millions)	Operating Leases (a)		Capital Leases (b)			Rent Income			Total



2013	$	179	$	136		$	(11	)	$	304
2014		174		173			(6	)		341
2015		169		150			(5	)		314
2016		158		148			(4	)		302
2017		154		146			(4	)		296
After 2017		3,195		4,244			(17	)		7,422

Total future minimum lease payments	$	4,029	$	4,997		$	(47	)	$	8,979
Less: Interest (c)				(3,035	)

Present value of future minimum capital lease payments (d)			$	1,962

(a): Total contractual lease payments include $2,039 million related to options to extend lease terms that are reasonably assured of being exercised and also includes $181 million of legally binding minimum lease payments for stores that are expected to open in 2013 or later.
(b): Capital lease payments include $3,323 million related to options to extend lease terms that are reasonably assured of being exercised and also includes $947 million of legally binding minimum payments for stores opening in 2013 or later.
(c): Calculated using the interest rate at inception for each lease.
(d): Includes the current portion of $21 million.