Analyzing and Interpreting Lease Footnote Disclosures The GAP Inc. discloses the following schedule to its fiscal 2015 (ended January 30, 2016) 10-K report relating to its leasing to its leasing activities. The aggregate minimum noncancelable annual lease payments under leases in effect on January 30, 2016, are as follows: Fiscal Year ($ millions) 2016 $1,435 2017 1,398 2018 1,246 2019 1,121 2020 982 Thereafter 3,018 Total minimum lease commitments $9,200 Compute the present value of GAP's operating leases using a 6% discount rate and round the remaining lease term to the nearest whole year. Round each answer to the nearest whole number. $ million Present Value Year 1 $ 1,353.78 x 1,244.22 x 1,046.14 x Year 4 887.94 x Year 5 After 5 Year 2 Year 3 733.85 X 2,127.69 X 7,393.62 X $