Foot Locker 2009 Annual Report Download - page 64

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Future minimum lease payments under non-cancelable operating leases, net of future non-cancelable
operating sublease payments, are:
(in millions)
2010....................................................... $ 487
2011....................................................... 441
2012....................................................... 380
2013....................................................... 312
2014....................................................... 261
Thereafter ................................................... 669
Total operating lease commitments .................................. $2,550
15. Other Liabilities
2009 2008
(in millions)
Pension benefits ......................................... $101 $183
Straight-line rent liability ................................... 101 98
Income taxes ........................................... 29 30
Fair value of derivatives .................................... 24 24
Workers’ compensation and general liability reserves ................. 12 13
Postretirement benefits .................................... 11 11
Reserve for discontinued operations ............................ 8 10
Deferred taxes .......................................... — 12
Other ................................................ 11 12
$297 $393
16. Discontinued Operations
In 1997, the Company exited its Domestic General Merchandise segment. In 1998, the Company exited both
its International General Merchandise and Specialty Footwear segments. In 2001, the Company discontinued its
Northern Group segment. The remaining reserve balances at January 30, 2010 primarily represent lease
obligations, of which $2 million is expected to be utilized within twelve months and the remaining $8 million
thereafter. The balances at January 31, 2009 totaled $12 million, of which $2 million was classified as current and
$10 million was classified as non current. The majority of the reserve balance relates to the Domestic General
Merchandise segment as the leases extend many years.
17. Income Taxes
Following are the domestic and international components of pre-tax income (loss) from continuing
operations:
2009 2008 2007
(in millions)
Domestic ...................................... $(23) $(174) $(131)
International ................................... 96 74 81
Total pre-tax income (loss) .......................... $73 $(100) $ (50)
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