Leases
 3 Months Ended
Apr. 30, 2021
Leases [Abstract]  
Leases Leases
VMware has operating and finance leases primarily related to office facilities and equipment, which have remaining lease terms of one month to 25 years.
The components of lease expense during the periods presented were as follows (table in millions):
Three Months Ended
April 30,May 1,
20212020
Operating lease expense$49 $46 
Finance lease expense:
Amortization of right-of-use (“ROU”) assets2 2 
Short-term lease expense— 1 
Variable lease expense7 8 
 Total lease expense$58 $57 
From time to time, VMware enters into lease arrangements with Dell. Lease expense incurred for arrangements with Dell was not significant during the periods presented.
The Company subleases certain leased office space to third parties when it determines there is excess leased capacity. Sublease income was not significant during the periods presented.
Supplemental cash flow information related to operating and finance leases during the periods presented was as follows (table in millions):
Three Months Ended
April 30,May 1,
20212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$44 $43 
Financing cash flows from finance leases1 1 
ROU assets obtained in exchange for lease liabilities:
Operating leases$44 $74 
Finance leases— 1 
Supplemental balance sheet information related to operating and finance leases as of the period presented was as follows (table in millions):
April 30, 2021
Operating LeasesFinance Leases
ROU assets, non-current(1)
$1,001 $51 
Lease liabilities, current(2)
$115 $5 
Lease liabilities, non-current(3)
891 48 
Total lease liabilities$1,006 $53 
January 29, 2021
Operating LeasesFinance Leases
ROU assets, non-current(1)
$997 $53 
Lease liabilities, current(2)
$109 $5 
Lease liabilities, non-current(3)
891 50 
Total lease liabilities$1,000 $55 
(1) ROU assets for operating leases are included in other assets and ROU assets for finance leases are included in property and equipment, net on the condensed consolidated balance sheets.
(2) Current lease liabilities are included primarily in accrued expenses and other on the condensed consolidated balance sheets. An immaterial amount is presented in due from related parties, net on the condensed consolidated balance sheets.
(3) Non-current operating lease liabilities are presented as operating lease liabilities on the condensed consolidated balance sheets. Non-current finance lease liabilities are included in other liabilities on the condensed consolidated balance sheets.
Lease term and discount rate related to operating and finance leases as of the period presented were as follows:
April 30,January 29,
20212021
Weighted-average remaining lease term (in years)
Operating leases12.412.6
Finance leases8.08.3
Weighted-average discount rate
Operating leases3.4 %3.5 %
Finance leases2.9 %2.9 %
Leases Leases
VMware has operating and finance leases primarily related to office facilities and equipment, which have remaining lease terms of one month to 25 years.
The components of lease expense during the periods presented were as follows (table in millions):
Three Months Ended
April 30,May 1,
20212020
Operating lease expense$49 $46 
Finance lease expense:
Amortization of right-of-use (“ROU”) assets2 2 
Short-term lease expense— 1 
Variable lease expense7 8 
 Total lease expense$58 $57 
From time to time, VMware enters into lease arrangements with Dell. Lease expense incurred for arrangements with Dell was not significant during the periods presented.
The Company subleases certain leased office space to third parties when it determines there is excess leased capacity. Sublease income was not significant during the periods presented.
Supplemental cash flow information related to operating and finance leases during the periods presented was as follows (table in millions):
Three Months Ended
April 30,May 1,
20212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$44 $43 
Financing cash flows from finance leases1 1 
ROU assets obtained in exchange for lease liabilities:
Operating leases$44 $74 
Finance leases— 1 
Supplemental balance sheet information related to operating and finance leases as of the period presented was as follows (table in millions):
April 30, 2021
Operating LeasesFinance Leases
ROU assets, non-current(1)
$1,001 $51 
Lease liabilities, current(2)
$115 $5 
Lease liabilities, non-current(3)
891 48 
Total lease liabilities$1,006 $53 
January 29, 2021
Operating LeasesFinance Leases
ROU assets, non-current(1)
$997 $53 
Lease liabilities, current(2)
$109 $5 
Lease liabilities, non-current(3)
891 50 
Total lease liabilities$1,000 $55 
(1) ROU assets for operating leases are included in other assets and ROU assets for finance leases are included in property and equipment, net on the condensed consolidated balance sheets.
(2) Current lease liabilities are included primarily in accrued expenses and other on the condensed consolidated balance sheets. An immaterial amount is presented in due from related parties, net on the condensed consolidated balance sheets.
(3) Non-current operating lease liabilities are presented as operating lease liabilities on the condensed consolidated balance sheets. Non-current finance lease liabilities are included in other liabilities on the condensed consolidated balance sheets.
Lease term and discount rate related to operating and finance leases as of the period presented were as follows:
April 30,January 29,
20212021
Weighted-average remaining lease term (in years)
Operating leases12.412.6
Finance leases8.08.3
Weighted-average discount rate
Operating leases3.4 %3.5 %
Finance leases2.9 %2.9 %