The Company has operating leases for corporate offices, data centers, and equipment under non-cancelable operating leases with various expiration dates. The leases have remaining terms of 1 year to 23 years, some of which include options to extend for up to 5 years, and some of which include options to terminate within 1 year.


	Fiscal Year Ended January 31, 2020
Operating lease cost	$	913

Finance lease cost:
Amortization of right-of-use assets	$	65
Interest on lease liabilities	20
Total finance lease cost	$	85


	Fiscal Year Ended January 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	827


Operating cash outflows for finance leases	15
Financing cash outflows for finance leases	164
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	509


	As of January 31, 2020
Operating leases:
Operating lease right-of-use assets	$	3,040

Operating lease liabilities, current	$	750
Noncurrent operating lease liabilities	2,445
Total operating lease liabilities	$	3,195

Finance leases:
Buildings and building improvements	$	325
Computers, equipment and software	468
Accumulated depreciation	(404)
Property and equipment, net	$	389

Accrued expenses and other liabilities	$	53
Other noncurrent liabilities	332
Total finance lease liabilities	$	385


	As of January 31, 2020
Weighted average remaining lease term
Operating leases	7 years
Finance leases	18 years
Weighted average discount rate
Operating leases	2.7	%
Finance leases	4.5	%

The weighted average remaining lease term for real estate leases with multiple floors with different lease end dates is calculated based on the lease end date for each individual floor.

As of January 31, 2020, the maturities of lease liabilities under non-cancelable operating and finance leases are as follows (in millions):


	Operating Leases		Finance Leases
Fiscal Period:
Fiscal 2021	$	819	$	67
Fiscal 2022	624		23
Fiscal 2023	448		23
Fiscal 2024	348		24
Fiscal 2025	285		24
Thereafter	1,020		410
Total minimum lease payments	3,544		571
Less: Imputed interest	(349)		(186)
Total	$	3,195	$	385

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 $169 million in the next five years and $55 million thereafter.

The Company’s lease terms may include options to extend or terminate the lease. These options are reflected in the Company's future contractual obligations when it is reasonably certain that the Company will exercise that option. The Company did not use hindsight when determining lease term, therefore, as of January 31, 2020, renewal options are only included for the Company's finance lease for 350 Mission.

As of January 31, 2020, the Company has additional operating leases that have not yet commenced totaling $2.4 billion and therefore not reflected on the consolidated balance sheet and tables above. These operating leases include agreements for office facilities to be constructed. These operating leases will commence between fiscal year 2021 and fiscal year 2025 with lease terms of 1.5 to 18 years.

Of the total operating lease commitment balance, including leases not yet commenced, of $5.9 billion, approximately $5.4 billion is related to facilities space. The remaining commitment amount is primarily related to equipment.

As of January 31, 2019, prior to the adoption of Topic 842, future minimum lease payments under non-cancelable operating and capital leases was as follows (in millions):


	Capital Leases (1)		Operating Leases (2)		Financing Obligation - Leased Facility (3)
Fiscal Period:
Fiscal 2020	$	200	$	778	$	22
Fiscal 2021	0		658		23
Fiscal 2022	0		466		23
Fiscal 2023	0		369		24
Fiscal 2024	0		314		24
Thereafter	0		1,610		163
Total minimum lease payments	200		$	4,195	$	279
Less: amount representing interest	(9)
Present value of capital lease obligations	$	191

(1) As of January 31, 2019, the capital lease obligation is included in accrued expenses and other liabilities on the consolidated balance sheet.

(2) Operating leases 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 $146 million in the next five years and $79 million thereafter.

(3) Total Financing Obligation - Leased Facility represents the total obligation on the Company’s lease agreement at 350 Mission including amounts allocated to interest and the implied lease for the land. As of January 31, 2019, $215 million of the total $279 million above was recorded to Financing obligation leased facility, of which the current portion is included in accrued expenses and other liabilities and the noncurrent portion is included in other noncurrent liabilities on the consolidated balance sheet. Upon adoption of ASC 842, the lease is accounted for as a finance lease.