We have entered into operating lease agreements for our office space, data centers, and other property and equipment. Operating lease right-of-use assets were $719 million and $336 million as of January 31, 2026, and 2025, respectively, and operating lease liabilities were $834 million and $378 million as of January 31, 2026, and 2025, respectively.

In July 2025, a 20-year lease for our new European headquarters in Dublin, Ireland, commenced. This resulted in the recognition of an operating lease right-of-use asset of $313 million, and a corresponding operating lease liability of $333 million.

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


	Year Ended January 31,
	2026		2025		2024
Operating lease cost (1)	$	161	$	123	$	109
Short-term lease cost	1		1		3
Variable lease cost	52		53		46
Total operating lease cost	$	214	$	177	$	158

(1)Operating lease cost includes impairment charges of $16 million and $6 million for fiscal 2026 and 2025, respectively, associated with our restructuring activities. For further information, see Note 21, Restructuring. There were no lease impairments in fiscal 2024.

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


	Year Ended January 31,
	2026		2025		2024
Cash paid for operating lease liabilities	$	134	$	111	$	112
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	511		158		139


	As of January 31,
	2026		2025
Weighted average remaining lease term (in years)	11		5
Weighted average discount rate	4.19	%	4.20	%

As of January 31, 2026, maturities of operating lease liabilities were as follows (in millions):


Fiscal Period:
2027	$	146
2028	155
2029	123
2030	86
2031	65
Thereafter	490
Total lease payments	1,065
Less imputed interest	(231)
Total operating lease liabilities	$	834

As of January 31, 2026, we had operating leases for office space that had not yet commenced with total undiscounted lease payments of $11 million. These operating leases will commence in fiscal 2027, with lease terms ranging from approximately one to six years.