The future minimum rental payments required under operating leases and capitalized lease obligations having initial or remaining non-cancelable lease terms in excess of one year are summarized as follows: | | | | | | | | | | | | | (In millions)
Fiscal Year | Operating Leases |
| | Capitalized Lease Obligations |
| | Total |
| 2016 | $ | 494 |
| | $ | 76 |
| | $ | 570 |
| 2017 | 489 |
| | 65 |
| | 554 |
| 2018 | 470 |
| | 62 |
| | 532 |
| 2019 | 440 |
| | 60 |
| | 500 |
| 2020 | 415 |
| | 58 |
| | 473 |
| Later years | 3,086 |
| | 670 |
| | 3,756 |
| Total minimum lease payments | $ | 5,394 |
| | $ | 991 |
| | $ | 6,385 |
| Less amount representing interest | | | (465 | ) | | | Present value of minimum lease payments | | | 526 |
| | | Less current maturities | | | (34 | ) | | | Present value of minimum lease payments, less current maturities | | | $ | 492 |
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