The Company has operating leases for corporate offices, data centers and equipment under noncancellable operating and finance leases with various expiration dates. The leases have noncancellable remaining terms of 1 year to 20 years, some of which include options to extend for up to 6 years, and some of which include options to terminate within 1 year.

The components of lease expense were as follows (in millions):


	Fiscal Year Ended January 31,
	2026		2025		2024
Operating lease cost	$	614	$	684	$	1,041

Finance lease cost:
Amortization of right-of-use assets	$	375	$	303	$	264
Interest on lease liabilities	25		28		29
Total finance lease cost	$	400	$	331	$	293

Supplemental cash flow information related to operating and finance leases was as follows (in millions):


	Fiscal Year Ended January 31,
	2026		2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	695	$	628	$	716


Operating cash outflows for finance leases	25		27		29
Financing cash outflows for finance leases	367		380		347
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	255		345		456

Supplemental balance sheet information related to operating and finance leases was as follows (in millions):


	As of January 31,
	2026		2025
Operating leases:
Operating lease right-of-use assets	$	2,003	$	2,157

Operating lease liabilities, current	$	548	$	579
Noncurrent operating lease liabilities	2,189		2,380
Total operating lease liabilities	$	2,737	$	2,959

Finance leases:

Computers, equipment and software	$	1,427	$	1,520
Accumulated depreciation	(813)		(708)
Property and equipment, net	$	614	$	812

Accrued expenses and other liabilities	$	275	$	337
Other noncurrent liabilities	260		341
Total finance lease liabilities	$	535	$	678

Other information related to leases was as follows:


	As of January 31,
	2026		2025
Weighted average remaining lease term
Operating leases	7 years		7 years
Finance leases	3 years		3 years
Weighted average discount rate
Operating leases	3.4	%	3.2	%
Finance leases	4.6	%	3.8	%

As of January 31, 2026, the maturities of lease liabilities under noncancellable operating and finance leases were as follows (in millions):


	Operating Leases		Finance Leases
Fiscal Period:
Fiscal 2027	$	615	$	289
Fiscal 2028	571		120
Fiscal 2029	493		76
Fiscal 2030	338		58
Fiscal 2031	268		26
Thereafter	790		0
Total minimum lease payments	3,075		569
Less: Imputed interest	(338)		(34)
Total	$	2,737	$	535

Operating lease amounts above do not include sublease income. The Company has entered into various sublease agreements with third parties. Under these agreements, the Company expects to receive sublease income of approximately $258 million in the next five years and $35 million thereafter.

Of the total lease commitment balance, including leases not yet commenced, of $4.4 billion, approximately $3.8 billion is related to office space and data center facilities. The remaining commitment amount is primarily related to equipment.