Kohl's 2015 Annual Report Download - page 54

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Table of Contents


. 
Rent expense charged to operations was $279 million for 2015, $277 million for 2014, and $270 million for 2013. 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 option, that generally range from four to eight additional five-
year periods.
Future minimum lease payments at January 30, 2016 were as follows:






Fiscal year:
2016 $ 293
$ 244
2017 286
245
2018 267
246
2019 249
244
2020 235
240
Thereafter 2,639
4,408
3,969
$ 5,627
Non-cash gain on future sale of property 456
Amount representing interest (2,509)
Present value of lease payments $ 1,916

We have a defined contribution savings plan covering all full-time and certain part-time associates. Participants in this plan may invest up to 100% of
their base compensation, subject to certain statutory limits. We match 100% of the first 5% of each participant’s contribution, subject to certain statutory
limits.
We also offer a non-qualified deferred compensation plan to a group of executives which provides for pre-tax compensation deferrals up to 100% of
salary and/or bonus. Deferrals and credited investment returns are 100% vested.
The total costs for these benefit plans were $49 million for 2015, $43 million for 2014, and $49 million for 2013.
F-15