Leases

3 Months Ended

Apr. 26, 2020

Leases [Abstract]

Leases

Leases

Our lease obligations consist of operating leases for our headquarters complex, domestic and international office facilities, and data center space, with lease periods expiring between fiscal years 2021 and 2035.

Future minimum lease payments under our non-cancelable operating leases as of April 26, 2020, are as follows:   

	Operating Lease Obligations
	(In millions)
Fiscal Year:
2021 (excluding first quarter of fiscal year 2021)	$	90
2022	116
2023	102
2024	78
2025	61
2026 and thereafter	289
Total	736
Less imputed interest	117
Present value of net future minimum lease payments	619
Less short-term operating lease liabilities	100
Long-term operating lease liabilities	$	519

Operating lease expense for the first quarters of fiscal years 2021 and 2020 was $31 million and $27 million, respectively. Short-term and variable lease expenses for the first quarter of fiscal years 2021 and 2020 were not significant.

Other information related to leases was as follows:

	Three Months Ended
	April 26, 2020
	(In millions)
Supplemental cash flows information
Operating cash flows used for operating leases	$	31
Operating lease assets obtained in exchange for lease obligations	$	3

As of April 26, 2020, our operating leases had a weighted average remaining lease term of 8.2 years and a weighted average discount rate of 3.45%.