Leases

12 Months Ended

Jan. 31, 2020

Autodesk has operating leases for real estate, vehicles and certain equipment. Leases have remaining lease terms of less than 1 year to 70 years, some of which include options to extend the lease with renewal terms from 1 year to 10 years and some of which include options to terminate the leases from less than 1 year to 10 years. Options to extend the lease are included in the lease liability if they are reasonably certain of being exercised. Options to terminate are considered in determining the lease liability if they are reasonably certain of being exercised. Payments under our lease arrangements are primarily fixed, however, certain lease agreements contain variable payments, which are expensed as incurred and not included in the operating lease assets and liabilities. These amounts include payments affected by the Consumer Price Index, payments for common area maintenance that are subject to annual reconciliation, and payments for maintenance and utilities. The Company’s leases do not contain residual value guarantees or material restrictive covenants. Short-term leases are recognized in the consolidated statement of operations on a straight-line basis over the lease term. Short-term lease expense was not material for the periods presented.

The components of lease cost were as follows:



	Fiscal Year Ended January 31, 2020
	Cost of subscription and maintenance revenue		Cost of other revenue		Marketing and sales		Research and development		General and administrative		Total
Operating lease cost	$	6.6	$	2.2	$	38.0	$	27.3	$	12.7	$	86.8
Variable lease cost	0.9		0.3		5.4		3.8		1.8		12.2

Supplemental operating cash flow information related to leases is as follows:



	Fiscal Year Ended January 31, 2020
Cash paid for operating leases included in operating cash flows (1)	$	93.5
Non-cash operating lease liabilities arising from obtaining operating right-of-use assets	231.7

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(1) Includes $12.2 million in variable lease payments not included in "Operating lease liabilities" and "Long-term operating lease liabilities" on the Consolidated Balance Sheet.

The weighted average remaining lease term for operating leases is 7.5 years at January 31, 2020. The weighted average discount rate was 3.41% at January 31, 2020.

Maturities of operating lease liabilities were as follows:



Fiscal year ending
2021	$	60.4
2022	90.9
2023	84.4
2024	71.3
2025	52.3
Thereafter	167.6
	526.9
Less imputed interest	(67.1		)
Present value of operating lease liabilities	$	459.8

As of January 31, 2020, Autodesk has additional operating lease minimum lease payments of $22.7 million for executed leases that have not yet commenced, primarily for office locations.

Rent expense related to operating leases recognized on a straight-line basis over the lease period under previous accounting guidance, was as follows:



	Fiscal Year Ended January 31,
	2019		2018
Rent expense	$	60.7	$	55.9