We lease certain facilities and data centers under non-cancellable operating lease arrangements that expire at various dates through 2038. We also have one land lease that expires in 2091. Our lease agreements do not contain any material residual value guarantees, material variable payment provisions or material restrictive covenants.

Operating lease expense was $92 million, $106 million and $117 million for fiscal 2025, 2024 and 2023, respectively. Our operating lease expense includes variable lease costs and is net of sublease income, both of which are not material.

During fiscal 2024, we recognized impairment charges of $78 million associated with the optimization of our leased facilities, primarily for operating lease right-of-use assets and leasehold improvements, which were recorded as general and administrative expenses. There was no impairment recognized in the other periods presented.

Supplemental cash flow information for fiscal 2025, 2024 and 2023 related to operating leases was as follows:


(in millions)	2025		2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	95	$	85	$	97
Right-of-use assets obtained in exchange for operating lease liabilities	$	86	$	62	$	32

The weighted-average remaining lease term and weighted-average discount rate for our operating lease liabilities as of November 28, 2025 were 6 years and 3.30%, respectively.

As of November 28, 2025, the maturities of lease liabilities under operating leases were as follows:


(in millions)
Fiscal Year	Operating Leases
2026	$	89
2027	98
2028	83
2029	65
2030	57
Thereafter	93
Total lease liabilities	$	485
Less: Imputed interest	(47)
Present value of lease liabilities	$	438