The following are the financial statement disclosures from the January 31, 2018, annual report of Wal-Mart Stores, Inc. | (dollar amounts in millions) | | Jan. 31, 2018 | | Jan. 31, 2017 | | | Current Liabilities | | | | | | | Capital lease and financing obligations due within one year | | $ 667 | | $ 565 | | | Noncurrent Liabilities | | | | | | | Long-term capital lease and financing obligations | | $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. Aggregate minimum annual rentals at January 31, 2018, under non-cancelable leases are as follows (dollar amounts in millions): | Fiscal Year | | Operating Leases | | Capital Lease and Financial Obligations | | | 2019 | | $1,933 | | | | $1,039 | | | | 2020 | | 1,718 | | | | 987 | | | | 2021 | | 1,532 | | | | 942 | | | | 2022 | | 1,381 | | | | 843 | | | | 2023 | | 1,158 | | | | 696 | | | | Thereafter | | 7,644 | | | | 5,423 | | | | Total minimum rentals | | 15,366 | | | | 9,930 | | | | Less estimated executory costs | | | | | | 27 | | | | Net minimum lease payments | | | | | | 9,903 | | | | Noncash gain on future termination of financing obligations | | | | | | 1,111 | | | | Less imputed interest | | | | | | -3,567 | | | | Present value of minimum lease payments | | | | | | $7,447 | | | Certain of the Companys 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 of the Companys store leases have renewal options, some of which may trigger an escalation in rentals. Answer the following questions related to these disclosures. | | |  |
