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Walmart Inc. is the world s largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure

Walmart Inc. is the worlds largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure notes revealed the following information:
Balance Sheet
($ in millions)
2017
2016
Assets
Property:
Property under finance lease obligations
$ 11,637
$ 11,096
Less: Accumulated amortization
(5,169)
(4,751)
Liabilities
Current liabilities:
Finance lease obligations due within one year
565
551
Long-term debt:
Long-term finance lease obligations
6,003
5,816
(2017 #'s are on top /2016 #'s are on the bottom)
3. What is the approximate average interest rate on Walmarts finance leases?

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