Less: Imputed interest

[Table of Contents](#i43adbcd383bc4dc48977980bcb999d17_79)HP INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements (Continued)Note 17: Leases (Continued)  
Weighted-average information associated with the measurement of our remaining operating lease liabilities is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of October 31 |
|  | 2021 |  | 2020 |
| Weighted-average remaining lease term in years | 5 |  | 6 |
| Weighted-average discount rate | 3.4  | % |  | 3.1  | % |

The following maturity analysis presents expected undiscounted cash outflows for operating leases on an annual basis for the next five years:

|  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
|  Fiscal year |  | In millions |
| 2022 |  | $ | 382  |  |
| 2023 |  | 296  |  |
| 2024 |  | 194  |  |
| 2025 |  | 138  |  |
| 2026 |  | 109  |  |
| Thereafter |  | 262  |  |
| Total lease payments |  | 1,381 |
| Less: Imputed interest |  | 95  |  |
|      Total lease liabilities |  | $ | 1,286  |  |

There were no material operating leases that HP had entered into and that were yet to commence as of October 31, 2021.  
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