Amount of operating leases that have not yet commenced

[Table of Contents](#ica158fb683c247fdb170955b492f9216_7)HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIESNotes to Consolidated Financial Statements (Continued)The weighted-average remaining lease term and the weighted-average discount rate for the operating and finance leases were as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of October 31, |
|  | 2021 |  | 2020 |
|  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases |
| Weighted-average remaining lease term (in years) | 7.7 |  | 8.5 |  | 6.8 |  | 9.5 |
| Weighted-average discount rate | 2.7  | % |  | 3.5  | % |  | 2.6  | % |  | 3.5  | % |

Supplemental cash flow information related to leases was as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | For the fiscal years ended October 31, |
|  | Cash Flow Statement Activity |  | 2021 |  | 2020 |
|  |  |  | In millions |
| Cash outflows from operating leases | Net cash used in operating activities |  | $ | 220  |  |  | $ | 239  |  |
|  |  |  |  |  |  |
| ROU assets obtained in exchange for new operating lease liabilities | Non-cash activities |  | $ | 248  |  |  | $ | 298  |  |

The following tables shows the future payments on the Company's operating and finance leases:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of October 31, 2021 |
|  | Operating Leases |  | Finance Leases |
| Fiscal year | In millions |
| 2022 | $ | 219  |  |  | $ | 6  |  |
| 2023 | 198  |  |  | 7  |  |
| 2024 | 170  |  |  | 7  |  |
| 2025 | 146  |  |  | 7  |  |
| 2026 | 123  |  |  | 7  |  |
| Thereafter | 412  |  |  | 27  |  |
| Total future lease payments | $ | 1,268  |  |  | $ | 61  |  |
| Less: imputed interest | (138) |  |  | (8) |  |
| Total lease liabilities | $ | 1,130  |  |  | $ | 53  |  |

As of October 31, 2021, the Company entered into $16 million of operating leases that have not yet commenced and are not yet recorded on the Consolidated Balance Sheet. These operating leases are scheduled to commence during fiscal 2022 and contain lease terms of 1 to 10 years.Note 9: Accounting for Leases as a LessorFinancing ReceivablesFinancing receivables represent sales-type and direct-financing leases of the Company and third-party products. These receivables typically have terms ranging from two to five years and are usually collateralized by a security interest in the underlying assets. Financing receivables also include billed receivables from operating leases. The allowance for credit losses represents future expected credit losses over the life of the receivables based on past experience, current information and forward-looking economic considerations. The components of financing receivables were as follows:103
