v3.22.4
Leases
12 Months Ended
Jan. 29, 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 January 29, 2023, are as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2024$220 
2025198 
2026180 
2027166 
2028144 
2029 and thereafter323 
Total1,231 
Less imputed interest153 
Present value of net future minimum lease payments1,078 
Less short-term operating lease liabilities176 
Long-term operating lease liabilities$902 
In addition to above, we have operating leases, primarily for our data centers, that are expected to commence within fiscal years 2024 and 2025 with lease terms of 2 to 8 years for $463 million.

Operating lease expense for fiscal years 2023, 2022, and 2021 was $193 million, $168 million, $145 million, respectively. Short-term and variable lease expenses for fiscal years 2023, 2022, and 2021 were not significant.

Other information related to leases was as follows:
Year Ended
January 29, 2023January 30, 2022January 31, 2021
 (In millions)
Supplemental cash flows information 
Operating cash flows used for operating leases$184 $154 $141 
Operating lease assets obtained in exchange for lease obligations$358 $266 $200 

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%. As of January 30, 2022, our operating leases had a weighted average remaining lease term of 7.1 years and a weighted average discount rate of 2.51%.