text: **NOTE 10: LEASES**
  We lease the land or the land and buildings at many of our stores. Additionally, we lease office facilities, warehouses and equipment. Most of 
  these leases are classified as operating leases and they expire at various dates through 2080. The majority of our fixed, non-cancelable 
  lease terms are 15 to 30 years for Nordstrom full-line stores and 10 to 15 years for Nordstrom Rack stores. Many of our leases include 
  options that allow us to extend the lease term beyond the initial commitment period, subject to terms agreed to at lease inception. Most of our 
  leases also provide for payment of operating expenses, such as common area charges, real estate taxes and other executory costs, and 
  some leases require additional payments based on sales, referred to as “percentage rent.” 
  
  Future minimum lease payments as of January 31, 2015 are as follows: 