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 2012, 2011 and 2010:



	2012			2011			2010
	(in millions)
Store Rent:
Fixed Minimum	$	453		$	437		$	417
Contingent	60			50			44
Total Store Rent	513			487			461
Office, Equipment and Other	67			62			60
Gross Rent Expense	580			549			521
Sublease Rental Income	(2		)	(3		)	(3		)
Total Rent Expense	$	578		$	546		$	518

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)
2013	$	527
2014	507
2015	456
2016	406
2017	351
Thereafter	1,192

________________


(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 February 2, 2013, which included $2 million of rent commitments related to disposed businesses under master lease arrangements.