Leases

The Company is committed to noncancelable leases with remaining terms generally from one to ten years. A substantial portion of the Company’s leases consist of store leases generally with an initial term of ten years. Annual store rent consists of a fixed minimum amount and/or contingent rent based on a percentage of sales exceeding a stipulated amount. Store lease terms generally require additional payments covering certain operating costs such as common area maintenance, utilities, insurance and taxes. These additional payments are excluded from the table below.

The following table provides rent expense for 2011, 2010 and 2009:



	2011			2010			2009
	(in millions)
Store Rent:
Fixed Minimum	$	437		$	417		$	407
Contingent	50			44			40
Total Store Rent	487			461			447
Office, Equipment and Other	62			60			61
Gross Rent Expense	549			521			508
Sublease Rental Income	(3		)	(3		)	(2		)
Total Rent Expense	$	546		$	518		$	506

The following table provides the Company’s minimum rent commitments under noncancelable operating leases in the next five fiscal years and the remaining years thereafter:



Fiscal Year (in millions) (a)
2012	$	493
2013	463
2014	434
2015	381
2016	329
Thereafter	1,020

________________


(a)	Excludes additional payments covering taxes, common area costs and certain other expenses generally required by store lease terms.

The Company’s future sublease income under noncancelable subleases was $9 million as of January 28, 2012, which included $2 million of rent commitments related to disposed businesses under master lease arrangements.