Leases (Tables)

12 Months Ended

Jan. 31, 2021

Leases [Abstract]

Lease, cost

The Company's lease costs recognized in the Consolidated Statement of Income consist of the following:

	Fiscal years ended January 31,
(Amounts in millions)	2021		2020
Operating lease cost(1)	$	2,626	$	2,670
Finance lease cost:
Amortization of right-of-use assets	583		480
Interest on lease obligations	298		306
Variable lease cost	777		691

(1) Rentals (including amounts applicable to taxes, insurance, maintenance, other operating expenses and contingent rentals) under operating leases and other short-term rental arrangements were $3.0 billion in fiscal 2019.

Schedule of other information relating to lease liabilities

Other lease information is as follows:

	Fiscal years ended January 31,
(Dollar amounts in millions)	2021		2020
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases	$	2,629	$	2,614
Operating cash flows from finance leases	286		278
Financing cash flows from finance leases	546		485
Assets obtained in exchange for operating lease obligations	2,131		2,151
Assets obtained in exchange for finance lease obligations	1,547		1,081

	As of January 31,
	2021	2020
Weighted-average remaining lease term - operating leases(1)	12.5 years	15.6 years
Weighted-average remaining lease term - finance leases(1)	13.7 years	14.4 years
Weighted-average discount rate - operating leases(1)	6.1%	5.4%
Weighted-average discount rate - finance leases(1)	6.8%	8.6%

(1) For fiscal 2021, weighted average remaining lease term and discount rate amounts exclude operations classified as held for sale.

Lessee operating liability maturity

The aggregate annual lease obligations at January 31, 2021, are as follows:

(Amounts in millions)
Fiscal Year	Operating Leases		Finance Leases
2022	$	2,189	$	717
2023	2,017		613
2024	1,861		551
2025	1,697		496
2026	1,527		449
Thereafter	11,658		4,746
Total undiscounted lease obligations	20,949		7,572
Less imputed interest	(6,574)		(3,234)
Net lease obligations	$	14,375	$	4,338

Lessee finance liability maturity

The aggregate annual lease obligations at January 31, 2021, are as follows:

(Amounts in millions)
Fiscal Year	Operating Leases		Finance Leases
2022	$	2,189	$	717
2023	2,017		613
2024	1,861		551
2025	1,697		496
2026	1,527		449
Thereafter	11,658		4,746
Total undiscounted lease obligations	20,949		7,572
Less imputed interest	(6,574)		(3,234)
Net lease obligations	$	14,375	$	4,338