Commitments and Contingencies Leases The Company operates most of its retail stores under various leasing arrangements. The Company also occupies various office and warehouse facilities and uses certain equipment under numerous lease agreements. Such leasing arrangements are accounted for as either operating leases or capital leases. In this context, capital leases include leases whereby the Company is considered to have the substantive risks of ownership during construction of a leased property. Information on the Company's operating and capital leasing activities is set forth below. Operating Leases The Company is typically required to make minimum rental payments, and often contingent rental payments, under its operating leases. Many of the Company's retail store leases provide for contingent rental payments based upon sales, and certain rental agreements require payment based solely on a percentage of sales. Terms of the Company's leases generally contain renewal options, rent escalation clauses, and landlord incentives. Rent expense, net of sublease income, was approximately $466 million , $455 million , and $430 million in Fiscal 2015 , Fiscal 2014 , and Fiscal 2013 , respectively. Such amounts include contingent rental charges of approximately $172 million , $176 million , and $174 million in Fiscal 2015 , Fiscal 2014 , and Fiscal 2013 , respectively. In addition to such amounts, the Company is normally required to pay taxes, insurance, and certain occupancy costs relating to the leased real estate properties. As of March 28, 2015 , future minimum rental payments under noncancelable operating leases with lease terms in excess of one year were as follows: Minimum Operating Lease Payments (a)(b) (millions) Fiscal 2016 $ 322 Fiscal 2017 297 Fiscal 2018 282 Fiscal 2019 257 Fiscal 2020 229 Fiscal 2021 and thereafter 733 Total net minimum rental payments $ 2,120 (a) Net of sublease income, which is not significant in any period. (b) Includes a $66 million operating lease obligation related to the land portion of