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Leases (Tables)
 6 Months Ended
Jan. 31, 2021
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
Three Months EndedSix Months Ended
(In millions)January 31, 2021January 31, 2020January 31, 2021January 31, 2020
Operating lease cost (1)
$18 $19 $33 $37 
Variable lease cost3 3 6 6 
Sublease income(4)(7)(8)(14)
Total net lease cost$17 $15 $31 $29 
(1)    Includes short-term leases, which were not significant for each of the three and six months ended January 31, 2021 and 2020.
Supplemental cash flow information related to operating leases was as follows:
Six Months Ended
(In millions)January 31, 2021January 31, 2020
Cash paid for amounts included in the measurement of operating lease liabilities$31 $33 
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$27 $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 dates indicated:
January 31, 2021July 31,
2020
Weighted-average remaining lease term for operating leases6.8 years5.5 years
Weighted-average discount rate for operating leases2.3 %3.1 %
Supplemental balance sheet information related to operating leases was as follows at the dates indicated:
(In millions)January 31, 2021July 31,
2020
Operating lease right-of-use assets$392 $226 
Other current liabilities$72 $46 
Operating lease liabilities391 221 
Total operating lease liabilities$463 $267 
Future Minimum Lease Payments
Future minimum lease payments under non-cancellable operating leases as of January 31, 2021 were as follows:
(In millions)
Operating
Leases (1)
Fiscal year ending July 31, 
2021 (excluding the six months ended January 31, 2021)$38 
202288 
202381 
202477 
202560 
Thereafter156 
Total future minimum lease payments500 
Less imputed interest(37)
Present value of lease liabilities$463 
(1)    Non-cancellable sublease proceeds for the remainder of the fiscal year ending July 31, 2021 and the fiscal years ending July 31, 2022, 2023, 2024, and 2025, of $7 million, $10 million, $3 million, $2 million, and $1 million, respectively, are not included in the table above.