We have operating and finance leases for datacenters, corporate offices, research and development facilities, and certain equipment. Our leases have remaining lease terms of less than 1 year to 20 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year.

The components of lease expense were as follows:


(In millions)


Year Ended June 30,	2026			2025		2024

Operating lease cost	$	6,968	$	5,524	$	3,555


Finance lease cost:
Amortization of right-of-use assets	$	5,403	$	3,408	$	1,800
Interest on lease liabilities		2,547		1,417		734


Total finance lease cost	$	7,950	$	4,825	$	2,534

Supplemental cash flow information related to leases was as follows:


(In millions)


Year Ended June 30,	2026			2025		2024

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,443	$	4,931	$	3,550
Operating cash flows from finance leases		2,547		1,372		734
Financing cash flows from finance leases		3,101		2,283		1,286

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		4,555		7,826		6,703
Finance leases		24,608		20,511		11,633

Supplemental balance sheet information related to leases was as follows:


(In millions, except lease term and discount rate)


June 30,	2026			2025

Operating Leases

Operating lease right-of-use assets	$	24,177		$	24,823


Other current liabilities	$	5,393		$	5,424
Operating lease liabilities		16,532			17,437


Total operating lease liabilities	$	21,925		$	22,861


Finance Leases

Property and equipment, at cost	$	82,712		$	53,876
Accumulated depreciation		(15,431	)		(9,861	)


Property and equipment, net	$	67,281		$	44,015


Other current liabilities	$	4,290		$	3,172
Other long-term liabilities		62,304			43,000


Total finance lease liabilities	$	66,594		$	46,172


Weighted Average Remaining Lease Term

Operating leases		6 years			6 years
Finance leases		13 years			13 years

Weighted Average Discount Rate

Operating leases		3.7%			3.5%
Finance leases		4.5%			4.2%

The following table outlines maturities of our lease liabilities as of June 30, 2026:


(In millions)


Year Ending June 30,	Operating Leases			Finance Leases

2027	$	6,082		$	7,121
2028		4,334			7,294
2029		3,146			6,668
2030		2,612			6,570
2031		2,316			6,543
Thereafter		6,216			55,490


Total lease payments		24,706			89,686
Less imputed interest		(2,781	)		(23,092	)


Total	$	21,925		$	66,594

As of June 30, 2026, we had additional leases, primarily for datacenters, that had not yet commenced of $329.1 billion, with some arrangements subject to certain contractual conditions being met. These leases will commence between fiscal year 2027 and fiscal year 2033 with lease terms of 1 year to 20 years.