Foot Locker 2014 Annual Report Download - page 76

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FOOT LOCKER, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Leases − (continued)
Most of the Company’s leases require the payment of certain executory costs such as insurance, maintenance,
and other costs in addition to the future minimum lease payments. These costs, including the amortization of
lease rights, totaled $132 million in 2014 and $128 million in both 2013 and 2012. Included in the amounts
below, are non-store expenses that totaled $17 million in 2014 and $16 million in both 2013 and 2012.
2014 2013 2012
(in millions)
Minimum rent $615 $580 $537
Contingent rent based on sales 25 22 24
Sublease income (5) (2) (1)
$635 $600 $560
Future minimum lease payments under non-cancelable operating leases, net of future non-cancelable
operating sublease payments, are:
(in millions)
2015 $ 567
2016 516
2017 453
2018 387
2019 339
Thereafter 1,164
Total operating lease commitments $3,426
16. Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss, net of tax, is comprised of the following:
2014 2013 2012
(in millions)
Foreign currency translation adjustments $ (75) $57 $82
Cash flow hedges (3) (2) 3
Unrecognized pension cost and postretirement benefit (240) (240) (255)
Unrealized loss on available-for-sale security (1) (1) (1)
$(319) $(186) $(171)
The changes in accumulated other comprehensive loss for the period ended January 31, 2015 were as follows:
(in millions)
Foreign
currency
translation
adjustments Cash flow
hedges
Items related
to pension
and
postretirement
benefits
Unrealized
loss on
available-for-
sale security Total
Balance as of February 1, 2014 $ 57 $ (2) $(240) $ (1) $(186)
OCI before reclassification (132) (1) (8) — (141)
Reclassified from AOCI — — 8 — 8
Other comprehensive income/(loss) (132) (1) — — (133)
Balance as of January 31, 2015 $ (75) $ (3) $(240) $ (1) $(319)
53