v2.3.0.15
Leases
12 Months Ended
Aug. 28, 2011
Leases 
Leases

Note 5—Leases

Operating Leases

The aggregate rental expense and sublease income related to certain of its operating lease arrangements, for 2011, 2010 and 2009 are as follows:

 

     Aggregate
rental
expense		      Sublease
income(1)		  

2011

    $ 208       $ 10   

2010

      187         10   

2009

      177         10   

(1)

Included in interest income and other, net

Contingent rents are not material.

Capital Leases

Gross assets recorded under these leases were $170 and $169, at the end of 2011 and 2010, respectively. These assets are recorded net of accumulated amortization of $13 and $7 at the end of 2011 and 2010, respectively.

Future minimum payments, net of sub-lease income of $183 for all years combined, during the next five fiscal years and thereafter under non-cancelable operating leases with terms of at least one year and capital leases, at the end of 2011, were as follows:

 

     Operating
leases		      Capital lease
obligations		  

2012

    $ 183       $ 13   

2013

      182         13   

2014

      175         13   

2015

      162         13   

2016

      155         13   

Thereafter

      1,850         311   
  

 

 

     

 

 

  

Total

    $ 2,707         376   
  

 

 

     

 

 

  

Less amount representing interest

         (207 ) 
     

 

 

  

Net present value of minimum lease payment

         169   

Less current installments(1)

        (3 ) 
     

 

 

  

Long-term capital lease obligations less current installments(2)

      $ 166   
     

 

 

  

(1)

Included in other current liabilities.

 

(2)

Included in deferred income taxes and other liabilities.

Certain leases may require the Company to incur costs to return leased property to its original condition, such as the removal of gas tanks. Estimated asset retirement obligations associated with these leases, which amounted to $31 and $26 at the end of 2011 and 2010, respectively, are recorded and included in deferred income taxes and other liabilities on the consolidated balance sheets.