v3.20.4
Leases
12 Months Ended
Jan. 31, 2021
Leases [Abstract]  
Leases Leases
On January 28, 2019, we adopted the new lease accounting standard using the optional transition method.
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 2022 and 2035.
Future minimum lease payments under our non-cancelable operating leases as of January 31, 2021, are as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2022$152 
2023135 
2024115 
202594 
202686 
2027 and thereafter288 
Total870 
Less imputed interest115 
Present value of net future minimum lease payments755 
Less short-term operating lease liabilities121 
Long-term operating lease liabilities$634 
Operating lease expense for fiscal years 2021, 2020, and 2019 was $145 million, $114 million, $80 million, respectively. Short-term and variable lease expenses for fiscal years 2021 and 2020 were not significant.

Other information related to leases was as follows:
Year Ended
January 31, 2021January 26, 2020
 (In millions)
Supplemental cash flows information 
Operating cash flows used for operating leases$141 $103 
Operating lease assets obtained in exchange for lease obligations (1)$200 $238 
(1)    Fiscal year 2021 includes $80 million of operating lease assets addition due to a business combination.
As of January 31, 2021, our operating leases had a weighted average remaining lease term of 7.6 years and a weighted average discount rate of 2.87%. As of January 26, 2020, our operating leases had a weighted average remaining lease term of 8.3 years and a weighted average discount rate of 3.45%.