v3.22.2.2
Leases
6 Months Ended
Jul. 31, 2022
Leases [Abstract]  
Leases Leases
Our lease obligations primarily consist of operating leases for our headquarters complex, domestic and international office facilities, and data center space, with lease periods expiring between fiscal years 2023 and 2035.
Future minimum lease payments under our non-cancelable operating leases as of July 31, 2022 are as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2023 (excluding first half of fiscal year 2023)
$91 
2024169 
2025148 
2026132 
2027123 
2028 and thereafter
348 
Total1,011 
Less imputed interest123 
Present value of net future minimum lease payments888 
Less short-term operating lease liabilities145 
Long-term operating lease liabilities$743 
In addition to our existing operating lease obligations, we have operating leases that are expected to commence between the third quarter of fiscal year 2023 and fiscal year 2025 with lease terms of 2 to 8 years for $798 million, consisting primarily of data center space.
Operating lease expenses were $47 million and $42 million for the second quarter of fiscal years 2023 and 2022, respectively, and $90 million and $81 million for the first half of fiscal years 2023 and 2022, respectively. Short-term and variable lease expenses for the second quarter and first half of fiscal years 2023 and 2022 were not significant.
Other information related to leases was as follows:
Six Months Ended
July 31, 2022August 1, 2021
 (In millions)
Supplemental cash flows information 
Operating cash flows used for operating leases$91 $75 
Operating lease assets obtained in exchange for lease obligations$98 $164 
As of July 31, 2022, our operating leases had a weighted average remaining lease term of 7.1 years and a weighted average discount rate of 2.73%. As of January 30, 2022, our operating leases had a weighted average remaining lease term of 7.1 years and a weighted average discount rate of 2.51%.