We have operating and finance leases for datacenters, corporate offices, research and development facilities, Microsoft Experience Centers, and certain equipment. Our leases have remaining lease terms of less than 1 year to 18 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year.

The components of lease expense were as follows:


(In millions)	Three Months Ended March 31,				Nine Months Ended March 31,


		2023		2022		2023		2022

Operating lease cost	$	766	$	744	$	2,112	$	1,801


Finance lease cost:
Amortization of right-of-use assets	$	348	$	289	$	994	$	779
Interest on lease liabilities		132		109		364		320


Total finance lease cost	$	480	$	398	$	1,358	$	1,099

Supplemental cash flow information related to leases was as follows:


(In millions)	Three Months Ended March 31,				Nine Months Ended March 31,


		2023		2022		2023		2022

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	690	$	726	$	1,989	$	1,733
Operating cash flows from finance leases		132		109		364		320
Financing cash flows from finance leases		272		233		790		655

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		663		1,421		2,377		4,151
Finance leases		1,044		720		2,253		3,094

Supplemental balance sheet information related to leases was as follows:


(In millions, except lease term and discount rate)


	March 31, 2023			June 30, 2022

Operating Leases

Operating lease right-of-use assets	$	13,879		$	13,148


Other current liabilities	$	2,327		$	2,228
Operating lease liabilities		12,312			11,489


Total operating lease liabilities	$	14,639		$	13,717


Finance Leases

Property and equipment, at cost	$	19,652		$	17,388
Accumulated depreciation		(4,287	)		(3,285	)


Property and equipment, net	$	15,365		$	14,103


Other current liabilities	$	1,153		$	1,060
Other long-term liabilities		15,310			13,842


Total finance lease liabilities	$	16,463		$	14,902


Weighted Average Remaining Lease Term

Operating leases		8 years			8 years
Finance leases		11 years			12 years

Weighted Average Discount Rate

Operating leases		2.7%			2.1%
Finance leases		3.4%			3.1%

The following table outlines maturities of our lease liabilities as of March 31, 2023:


(In millions)


Year Ending June 30,	Operating Leases			Finance Leases

2023 (excluding the nine months ended March 31, 2023)	$	683		$	413
2024		2,625			1,706
2025		2,334			2,025
2026		1,964			1,710
2027		1,646			1,720
Thereafter		7,175			12,395


Total lease payments		16,427			19,969
Less imputed interest		(1,788	)		(3,506	)


Total	$	14,639		$	16,463

As of March 31, 2023, we have additional operating and finance leases, primarily for datacenters, that have not yet commenced of $5.0 billion and $21.9 billion, respectively. These operating and finance leases will commence between fiscal year 2023 and fiscal year 2030 with lease terms of 1 year to 18 years.