Annual report pursuant to Section 13 and 15(d)

Leases

v2.4.1.9
Leases
12 Months Ended
Jan. 31, 2015
Leases  
Leases

6. LEASES

 

We operate stores and use distribution centers, office facilities and equipment that are generally leased under non-cancelable operating leases, the majority of which provide for renewal options. Future minimum annual rental commitments for all non-cancelable operating leases as of January 31, 2015 are as follows (in millions):

 

 

 

 

 

 

For the fiscal year:

 

 

 

 

2015

 

$

391 

 

2016

 

 

356 

 

2017

 

 

298 

 

2018

 

 

242 

 

2019

 

 

183 

 

Thereafter

 

 

440 

 

Total minimum rental commitments

 

$

1,910 

 

 

Rent expense applicable to non-cancelable operating leases was $377 million, $370 million and $355 million in fiscal 2014, fiscal 2013 and fiscal 2012, respectively.