Leases

The Company is committed to noncancellable 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 2016, 2015 and 2014:



	2016			2015			2014
	(in millions)
Store Rent:
Fixed Minimum	$	607		$	535		$	516
Contingent	71			73			63
Total Store Rent	678			608			579
Office, Equipment and Other	87			77			68
Gross Rent Expense	765			685			647
Sublease Rental Income	(2		)	(2		)	(2		)
Total Rent Expense	$	763		$	683		$	645

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



Fiscal Year (in millions) (a)
2017	$	707
2018	651
2019	605
2020	571
2021	531
Thereafter	$	2,112

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