Our lease obligations primarily consist of operating leases for our headquarters' campus and domestic and international offices and data centers, with lease periods expiring between fiscal years 2026 and 2041.

Future minimum lease obligations under our non-cancelable lease agreements as of April 27, 2025 were as follows:


	Operating Lease Obligations
	(In millions)
Fiscal Year:
2026 (excluding the first quarter of fiscal year 2026)	$	274
2027	346
2028	349
2029	308
2030	233
2031 and thereafter	611
Total	2,121
Less imputed interest	300
Present value of net future minimum lease payments	1,821
Less short-term operating lease liabilities	300
Long-term operating lease liabilities	$	1,521

Between the second quarter of fiscal year 2026 and fiscal year 2030, we expect to commence leases with future obligations of $7.4 billion primarily of data center and office operating leases, with lease terms of 2 to 15.5 years.

Operating lease expenses were $101 million and $80 million for the first quarter of fiscal years 2026 and 2025, respectively. Short-term and variable lease expenses for the first quarter of fiscal years 2026 and 2025 were not significant.


	Three Months Ended
	Apr 27, 2025		Apr 28, 2024

	(In millions)
Supplemental cash flows information
Operating cash flow used for operating leases	$	96	$	69
Operating lease assets obtained in exchange for lease obligations	$	98	$	250

As of April 27, 2025, our operating leases have a weighted average remaining lease term of 6.7 years and a weighted average discount rate of 4.27%. As of January 26, 2025, our operating leases had a weighted average remaining lease term of 6.5 years and a weighted average discount rate of 4.16%.