Leases (Tables)

4 Months Ended

Jun. 16, 2018

Rent expense, other operating lease expense and subtenant rentals all under operating leases consisted of the following:



	First Quarter Ended
	June 16, 2018 (16 weeks)			June 17, 2017 (16 weeks)
Minimum rent	$	38		$	27
Contingent rent	—			1
Rent expense⁽¹⁾	38			28
Less subtenant rentals	(10		)	(8		)
Total net rent expense	$	28		$	20


(1)	Rent expense as presented here includes $3 and $4, respectively, of operating lease rent expense related to stores within discontinued operations, but for which GAAP requires the historical expense to be included within continuing operations, as we expect to remain primarily obligated under these leases.

Future Minimum Lease and Subtenant Rentals Under Noncancellable Leases

Future minimum lease payments to be made by us or certain third parties in the case of assigned leases for noncancellable operating leases and capital leases as of June 16, 2018 consisted of the amounts presented in the following table. These amounts have not been reduced for future minimum subtenant rentals under certain operating subleases, including assignments.



	Lease Obligations
Fiscal Year	Operating Leases		Capital Leases
Remaining Fiscal 2019	$	71	$	27
2020	110		38
2021	105		34
2022	91		30
2023	79		23
Thereafter	835		84
Total future minimum obligations	$	1,291	236
Less interest			(70		)
Present value of net future minimum obligations			166
Less current capital lease obligations			(25		)
Long-term capital lease obligations			$	141

Noncancellable Operationg leases and Capital Leases

Future minimum lease and subtenant rentals to be received under noncancellable operating and deferred financing income leases, under which we are the lessor, as of June 16, 2018, consisted of the following:



	Lease Receipts
Fiscal Year	Operating Leases		Direct Financing Leases
Remaining Fiscal 2019	$	16	$	—
2020	24		1
2021	20		—
2022	17		—
2023	11		—
Thereafter	32		—
Total minimum lease receipts	$	120	$	1