Leases

The composition of net rent expense for all operating leases, including leases of property and equipment, was as follows in fiscal 2016, 2015 and 2014 ($ in millions):



	2016			2015			2014
Minimum rentals	$	797		$	848		$	864
Contingent rentals	1			2			2
Total rent expense	798			850			866
Less: sublease income	(15		)	(18		)	(18		)
Net rent expense	$	783		$	832		$	848

The future minimum lease payments under our capital, financing and operating leases by fiscal year (not including contingent rentals) at January 30, 2016, were as follows ($ in millions):



Fiscal Year	Capital Leases			Financing Leases			Operating Leases⁽¹⁾
2017	$	14		$	42		$	813
2018	9			35			708
2019	6			29			572
2020	3			23			439
2021	2			17			310
Thereafter	12			66			521
Total minimum lease payments	46			212			$	3,363
Less amount representing interest	(8		)	(34		)
Present value of minimum lease payments	38			178
Less current maturities	(12		)	(33		)
Present value of minimum lease maturities, less current maturities	$	26		$	145


(1)	Operating lease obligations do not include payments to landlords covering real estate taxes and common area maintenance. These charges, if included, would increase total operating lease obligations by $1.1 billion at January 30, 2016.

Total minimum lease payments have not been reduced by minimum sublease rent income of approximately $72 million due under future noncancelable subleases.