Leases
12 Months Ended
Jan. 31, 2015
Leases [Abstract]  
Leases
Leases and Note Payable
 
We conduct a major part of our operations from leased premises that include retail stores, store distribution centers, warehouses, offices and other facilities. Almost all leases will expire during the next 20 years; however, most leases will be renewed, primarily through an option exercise, or replaced by leases on other premises. We also lease data processing equipment and other personal property under operating leases of primarily three to five years. Rent expense, net of sublease income, was as follows:
($ in millions)
 
2014
 
2013
 
2012
Real property base rent and straight-lined step rent expense
 
$
233

 
$
237

 
$
240

Real property contingent rent expense (based on sales)
 
8

 
5

 
10

Personal property rent expense
 
53

 
65

 
67

Total rent expense
 
$
294

 
$
307

 
$
317

Less: sublease income(1)
 
(13
)
 
(16
)
 
(16
)
Net rent expense
 
$
281

 
$
291

 
$
301


(1)
Sublease income is reported in Real estate and other, net.

As of January 31, 2015, future minimum lease payments for non-cancelable operating leases, including lease renewals determined to be reasonably assured and capital leases, including our note payable, were as follows:  
($ in millions)
Operating Leases
2015
$
237

2016
216

2017
185

2018
153

2019
132

Thereafter
1,896

Less: sublease income
(39
)
Total minimum lease payments
$
2,780


($ in millions)
Capital Leases and Note Payable
2015
$
33

2016
27

2017
10

2018

2019

Thereafter

Less: sublease income

Total minimum lease payments
70

Less: amounts representing interest
(4
)
Present value of net minimum lease obligations
$
66