Leases

The Company is committed to noncancelable leases with remaining terms generally from one to 10 years. A substantial portion of the Company’s leases consist of store leases generally with an initial term of 10 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 2014, 2013 and 2012:



	2014			2013			2012
	(in millions)
Store Rent:
Fixed Minimum	$	516		$	482		$	453
Contingent	63			59			60
Total Store Rent	579			541			513
Office, Equipment and Other	68			72			67
Gross Rent Expense	647			613			580
Sublease Rental Income	(2		)	(2		)	(2		)
Total Rent Expense	$	645		$	611		$	578

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)
2015	$	588
2016	556
2017	494
2018	413
2019	364
Thereafter	1,455

________________


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