Macy's, Inc. | 2013 | FY | 3


Rental expense consists of:
 
 
2013
 
2012
 
2011
 
(millions)
Real estate (excluding executory costs)
 
 
 
 
 
Capitalized leases –
 
 
 
 
 
Contingent rentals
$

 
$

 
$

Operating leases –
 
 
 
 
 
Minimum rentals
256

 
248

 
242

Contingent rentals
22

 
21

 
19

 
278

 
269

 
261

Less income from subleases –
 
 
 
 
 
Operating leases
(10
)
 
(11
)
 
(18
)
 
$
268

 
$
258

 
$
243

Personal property – Operating leases
$
11

 
$
11

 
$
10


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