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Leases
 6 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases Leases
The Company has operating and finance leases for data centers, corporate offices, retail stores and certain equipment. Its leases have remaining lease terms of one to 12 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within one to three years.

The components of lease expense were as follows:
Three Months EndedSix Months Ended
(in millions)September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Operating lease cost$151 $164 $307 $340 
Short-term lease cost 11 14 26 24 
Variable lease cost 15 11 23 26 
Sublease income(10)(10)(22)(19)
     Total operating costs$167 $179 $334 $371 
Finance lease cost:
     Amortization of right-of-use assets$99 $140 $215 $249 
     Interest on lease liabilities11 17 25 34 
     Total finance lease cost$110 $157 $240 $283 

Cash payments made from variable lease costs and short-term leases are not included in the measurement of operating and finance lease liabilities, and as such, are excluded from the supplemental cash flow information stated below. In addition, for the supplemental non-cash information on operating and finance leases, please refer to Note 19 - "Cash Flows."

Supplemental cash flow information related to leases was as follows:
(in millions)Six Months Ended September 30, 2020Six Months Ended September 30, 2019
Cash paid for amounts included in the measurement of:
     Operating cash flows used in operating leases$307 $340 
     Operating cash flows used in finance leases $25 $34 
     Financing cash flows used in finance leases $285 $279 
Supplemental balance sheet information related to leases was as follows:
As of
(in millions)Balance Sheet Line ItemSeptember 30, 2020March 31, 2020
Assets:
ROU operating lease assetsOperating right-of-use assets, net$1,555 $1,428 
ROU finance lease assetsProperty and Equipment, net 1,098 1,220 
Total $2,653 $2,648 
Liabilities:
Current
Operating leaseCurrent operating lease liabilities$461 $482 
Finance lease Short-term debt and current maturities of long-term debt 440 444 
Total$901 $926 
Non-current
Operating leaseNon-current operating lease liabilities$1,192 $1,063 
Finance leaseLong-term debt, net of current maturities 568 602 
Total $1,760 $1,665 

On September 30, 2020, in conjunction with the classification of the HHS Business' assets being held for sale, $74 million in ROU operating lease assets and $75 million in operating lease liabilities were transferred to assets held for sale and liabilities related to assets held for sale on the Consolidated Balance Sheet.

The following table provides information on the weighted average remaining lease term and weighted average discount rate for operating and finance leases:
As of
September 30, 2020March 31, 2020
Weighted Average remaining lease term:Years
     Operating leases 4.74.8
     Finance leases2.72.7
Weighted average remaining discount rate:Rate
     Operating leases4.0 %4.0 %
     Finance leases4.0 %6.4 %
The following maturity analysis presents expected undiscounted cash payments for operating and finance leases on an annual basis as of September 30, 2020:

Fiscal yearOperating Leases
(in millions)Real EstateEquipmentFinance Leases
Remainder of 2021$244 $28 $246 
2022419 34 393 
2023340 17 250 
2024262 9 121 
2025188 5 35 
Thereafter279 3 3 
     Total lease payments1,732 96 1,048 
Less: imputed interest(171)(4)(40)
     Total payments$1,561 $92 $1,008 
Leases Leases
The Company has operating and finance leases for data centers, corporate offices, retail stores and certain equipment. Its leases have remaining lease terms of one to 12 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within one to three years.

The components of lease expense were as follows:
Three Months EndedSix Months Ended
(in millions)September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Operating lease cost$151 $164 $307 $340 
Short-term lease cost 11 14 26 24 
Variable lease cost 15 11 23 26 
Sublease income(10)(10)(22)(19)
     Total operating costs$167 $179 $334 $371 
Finance lease cost:
     Amortization of right-of-use assets$99 $140 $215 $249 
     Interest on lease liabilities11 17 25 34 
     Total finance lease cost$110 $157 $240 $283 

Cash payments made from variable lease costs and short-term leases are not included in the measurement of operating and finance lease liabilities, and as such, are excluded from the supplemental cash flow information stated below. In addition, for the supplemental non-cash information on operating and finance leases, please refer to Note 19 - "Cash Flows."

Supplemental cash flow information related to leases was as follows:
(in millions)Six Months Ended September 30, 2020Six Months Ended September 30, 2019
Cash paid for amounts included in the measurement of:
     Operating cash flows used in operating leases$307 $340 
     Operating cash flows used in finance leases $25 $34 
     Financing cash flows used in finance leases $285 $279 
Supplemental balance sheet information related to leases was as follows:
As of
(in millions)Balance Sheet Line ItemSeptember 30, 2020March 31, 2020
Assets:
ROU operating lease assetsOperating right-of-use assets, net$1,555 $1,428 
ROU finance lease assetsProperty and Equipment, net 1,098 1,220 
Total $2,653 $2,648 
Liabilities:
Current
Operating leaseCurrent operating lease liabilities$461 $482 
Finance lease Short-term debt and current maturities of long-term debt 440 444 
Total$901 $926 
Non-current
Operating leaseNon-current operating lease liabilities$1,192 $1,063 
Finance leaseLong-term debt, net of current maturities 568 602 
Total $1,760 $1,665 

On September 30, 2020, in conjunction with the classification of the HHS Business' assets being held for sale, $74 million in ROU operating lease assets and $75 million in operating lease liabilities were transferred to assets held for sale and liabilities related to assets held for sale on the Consolidated Balance Sheet.

The following table provides information on the weighted average remaining lease term and weighted average discount rate for operating and finance leases:
As of
September 30, 2020March 31, 2020
Weighted Average remaining lease term:Years
     Operating leases 4.74.8
     Finance leases2.72.7
Weighted average remaining discount rate:Rate
     Operating leases4.0 %4.0 %
     Finance leases4.0 %6.4 %
The following maturity analysis presents expected undiscounted cash payments for operating and finance leases on an annual basis as of September 30, 2020:

Fiscal yearOperating Leases
(in millions)Real EstateEquipmentFinance Leases
Remainder of 2021$244 $28 $246 
2022419 34 393 
2023340 17 250 
2024262 9 121 
2025188 5 35 
Thereafter279 3 3 
     Total lease payments1,732 96 1,048 
Less: imputed interest(171)(4)(40)
     Total payments$1,561 $92 $1,008