v3.23.1
Leases
3 Months Ended
Apr. 30, 2023
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 2024 and 2035.
Future minimum lease payments under our non-cancelable operating leases as of April 30, 2023 are as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2024 (excluding first quarter)
$178 
2025218 
2026196 
2027180 
2028159 
2029 and thereafter
357 
Total1,288 
Less imputed interest162 
Present value of net future minimum lease payments1,126 
Less short-term operating lease liabilities187 
Long-term operating lease liabilities$939 
In addition, we have operating leases, primarily for our data centers, that are expected to commence between the second quarter of fiscal year 2024 and fiscal year 2025 with lease terms of 2 to 8 years for $361 million.
Operating lease expenses were $59 million and $44 million for the first quarter of fiscal years 2024 and 2023, respectively. Short-term and variable lease expenses for the first quarter of fiscal years 2024 and 2023 were not significant.
Other information related to leases was as follows:
Three Months Ended
April 30, 2023May 1, 2022
 (In millions)
Supplemental cash flows information 
Operating cash flows used for operating leases$61 $45 
Operating lease assets obtained in exchange for lease obligations$106 $62 
As of April 30, 2023, our operating leases had a weighted average remaining lease term of 6.6 years and a weighted average discount rate of 3.33%. As of January 29, 2023, our operating leases had a weighted average remaining lease term of 6.8 years and a weighted average discount rate of 3.21%.