I cannot figure out how to compute the PV of the payments after year 5. Everything I have seen just throws out random numbers without explanation. Can you please walk me through how to calculate the PV for years 5+?

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 $1,285

2017 $1,248

2018 $1,096

2019 $971

2020 $832

Thereafter $2,568

Total minimum lease commitments $8,000

Compute the present value of GAP's operating leases using a 6% discount rate andround the remaining lease term to the nearest whole year.

Round each answer to the nearest whole number