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Leases (Tables)
 6 Months Ended
Jan. 31, 2020
Leases [Abstract]  
Components of Lease Expense
Supplemental balance sheet information related to operating leases was as follows at the date indicated:
(In millions)
January 31,
2020
 
 
Operating lease right-of-use assets
$
297

 
 
Other current liabilities
$
57

Operating lease liabilities
286

Total operating lease liabilities
$
343


The components of lease expense were as follows:
 
Three Months Ended
 
Six Months Ended
(In millions)
January 31, 2020
 
January 31, 2020
Operating lease cost (1)
$
19

 
$
37

Variable lease cost
3

 
6

Sublease income
(7
)
 
(14
)
Total net lease cost
$
15

 
$
29

(1) 
Includes short-term leases, which are not significant for the three or six months ended January 31, 2020.
Supplemental cash flow information related to operating leases was as follows:
 
Six Months Ended
 
January 31, 2020
(In millions)
 
Cash paid for amounts included in the measurement of operating lease liabilities
$
33

 
 
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$
328

(1) 
For the six months ended January 31, 2020, this includes $319 million for operating leases existing on August 1, 2019 and $9 million for operating leases that commenced in the first six months of fiscal 2020.
Other information related to operating leases was as follows at the date indicated:
 
January 31, 2020
Weighted-average remaining lease term for operating leases
5.6

Weighted-average discount rate for operating leases
2.9
%
Future Minimum Lease Payments
Future minimum lease payments under non-cancellable operating leases as of January 31, 2020 were as follows:
(In millions)
Operating
Leases (1)
Fiscal year ending July 31,
 
2020 (excluding the six months ended January 31, 2020)
$
30

2021
74

2022
69

2023
61

2024
59

Thereafter
79

Total future minimum lease payments
372

Less imputed interest
(29
)
Present value of lease liabilities
$
343

(1)
Non-cancellable sublease proceeds for the remainder of the fiscal year ending July 31, 2020 and the fiscal years ending July 31, 2021, 2022, 2023, 2024, and thereafter of $11 million, $22 million, $10 million, $1 million, $1 million, and $1 million, respectively, are not included in the table above.