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Financial Statement Analysis Case The following are the financial statement disclosures from the January 31, 2018, annual report of Wal-Mart Stores, Inc. Jan. 31, 2018 Jan. 31, 2017 (dollar amounts in millions) Current Liabilities Capital lease and financing obligations due within one year Noncurrent Liabilities Long-term capital lease and financing obligations $ 667 $ 565 $6,780 $6,003 Note 11: Commitments The Company has long-term leases for stores and equipment Rentals (including amounts applicable to taxes, insurance, maintenance, other operating expenses and contingent rentals) under operating leases and other short- term rental arrangements were $2.9 billion, $2.6 billion and $2.5 billion in fiscal 2018, 2017 and 2016 respectively. Note 11: Commitments The Company has long-term leases for stores and equipment. Rentals (including amounts applicable to taxes, insurance, maintenance, other operating expenses and contingent rentals) under operating leases and other short- term rental arrangements were $2.9 billion, $2.6 billion and $2.5 billion in fiscal 2018, 2017 and 2016 respectively. Aggregate minimum annual rentals at January 31, 2018, under non-cancelable leases are as follows (dollar amounts in millions): Fiscal Year 2019 2020 2021 2022 2023 Thereafter Total minimum rentals Less estimated executory costs Net minimum lease payments Noncash gain on future termination of financing obligations Less imputed interest Present value of minimum lease payments Operating Leases $1,933 1,718 1,532 1,381 1,158 7,644 15,366 Capital Lease and Financial Obligations $1,039 987 942 843 696 5,423 9,930 9,903 1,111 -3,567 $7,447 Certain of the Company's leases provide for the payment of contingent rentals based on a percentage of sales. Such contingent rentals were not material for fiscal 2018, 2017 and 2016. Substantially all the x Your answer is incorrect. Try again. What is the present value of minimum lease payments related to capital leases and financial obligations at January 31, 2018? (Enter answer in millions.) Lease payments million Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Financial Statement Analysis Case The following are the financial statement disclosures from the January 31, 2018, annual report of Wal-Mart Stores, Inc. Jan. 31, 2018 Jan. 31, 2017 (dollar amounts in millions) Current Liabilities Capital lease and financing obligations due within one year Noncurrent Liabilities Long-term capital lease and financing obligations $ 667 $ 565 $6,780 $6,003 Note 11: Commitments The Company has long-term leases for stores and equipment Rentals (including amounts applicable to taxes, insurance, maintenance, other operating expenses and contingent rentals) under operating leases and other short- term rental arrangements were $2.9 billion, $2.6 billion and $2.5 billion in fiscal 2018, 2017 and 2016 respectively. Note 11: Commitments The Company has long-term leases for stores and equipment. Rentals (including amounts applicable to taxes, insurance, maintenance, other operating expenses and contingent rentals) under operating leases and other short- term rental arrangements were $2.9 billion, $2.6 billion and $2.5 billion in fiscal 2018, 2017 and 2016 respectively. Aggregate minimum annual rentals at January 31, 2018, under non-cancelable leases are as follows (dollar amounts in millions): Fiscal Year 2019 2020 2021 2022 2023 Thereafter Total minimum rentals Less estimated executory costs Net minimum lease payments Noncash gain on future termination of financing obligations Less imputed interest Present value of minimum lease payments Operating Leases $1,933 1,718 1,532 1,381 1,158 7,644 15,366 Capital Lease and Financial Obligations $1,039 987 942 843 696 5,423 9,930 9,903 1,111 -3,567 $7,447 Certain of the Company's leases provide for the payment of contingent rentals based on a percentage of sales. Such contingent rentals were not material for fiscal 2018, 2017 and 2016. Substantially all the x Your answer is incorrect. Try again. What is the present value of minimum lease payments related to capital leases and financial obligations at January 31, 2018? (Enter answer in millions.) Lease payments million Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT
