Leases

The composition of net rent expense for all operating leases, including leases of property and equipment, was as follows in fiscal 2017, 2016 and 2015 ($ in millions):



	2017			2016			2015
Minimum rentals	$	789		$	797		$	848
Contingent rentals	1			1			2
Total rent expense	790			798			850
Less: sublease income	(16		)	(15		)	(18		)
Net rent expense	$	774		$	783		$	832

The future minimum lease payments under our capital, financing and operating leases by fiscal year (not including contingent rentals) at January 28, 2017, were as follows ($ in millions):



Fiscal Year	Capital Leases			Financing Leases			Operating Leases⁽¹⁾
2018	$	9		$	46		$	803
2019	7			41			676
2020	4			35			546
2021	3			28			411
2022	2			20			285
Thereafter	11			56			404
Total minimum lease payments	36			226			$	3,125
Less amount representing interest	(6		)	(49		)
Present value of minimum lease payments	30			177
Less current maturities	(8		)	(36		)
Present value of minimum lease payments, less current maturities	$	22		$	141


(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 $1.0 billion at January 28, 2017.

Total minimum lease payments have not been reduced by minimum sublease rent income of approximately $79 million due under future noncancelable subleases.