Lease Commitments

12 Months Ended

Feb. 02, 2019

Leases [Abstract]

Lease Commitments

4. Lease Commitments

Rent expense charged to operations was $301 million for 2018, $293 million for 2017, and $276 million for 2016.  In addition to rent payments, we are often required to pay real estate taxes, insurance and maintenance costs on leased properties. These items are not included in the future minimum lease payments listed below. Many store leases include multiple renewal options, exercisable at our options that generally range from four to eight additional five-year periods.

Future minimum lease payments at February 2, 2019 were as follows:

(Dollars in Millions)	Capital Lease and Financing Obligations			Operating Leases
Fiscal year:
2019	$	260		$	275
2020		263			270
2021		241			265
2022		222			254
2023		198			244
Thereafter		2,027			3,669
		3,211		$	4,977
Non-cash gain on future sale of property		481
Amount representing interest		(2,054	)
Present value of lease payments	$	1,638