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 2013, 2012 and 2011:



	2013			2012			2011
	(in millions)
Store Rent:
Fixed Minimum	$	482		$	453		$	437
Contingent	59			60			50
Total Store Rent	541			513			487
Office, Equipment and Other	72			67			62
Gross Rent Expense	613			580			549
Sublease Rental Income	(2		)	(2		)	(3		)
Total Rent Expense	$	611		$	578		$	546

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)
2014	$	559
2015	526
2016	478
2017	418
2018	338
Thereafter	1,371

________________


(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 $7 million as of February 1, 2014, which included $2 million of rent commitments related to disposed businesses under master lease arrangements.