Company: ROK
Filing Date: 2025-11-12
Form Type: 10-K
Source: 0001024478-25-000116
Chunk: 237

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-11-12
Form: 10-K
Item: Item 6
Chunk 237
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 million at September 30, 2025 and 2024, respectively. We expect that remaining severance benefit payments will be substantially completed during 2026.

19. Leases

We have operating leases primarily for real estate, vehicles, and equipment. We have finance leases primarily for equipment. Our leases have remaining lease terms from less than one year to approximately 15 years.

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The components of lease expense were (in millions):202520242023Operating lease expense (1)$115 $110 $100 Variable lease expense (2)21 20 19 Finance lease expenseAmortization of right-of-use assets6 8 5 Interest on lease liabilities— — 1 Total lease expense$142 $138 $125 (1) Operating lease expense includes short-term lease expense, which was not material.(2) Variable lease expense includes sublease income, which was not material.Supplemental balance sheet information related to leases consists of:20252024Weighted average remaining lease termOperating leases6.0 years6.4 yearsFinance leases3.5 years3.7 yearsWeighted average discount rateOperating leases3.81 %3.72 %Finance leases3.73 %2.77 %Undiscounted maturities of lease liabilities as of September 30, 2025, were (in millions):Finance LeasesOperating Leases2026$2 $110 20272 94 20282 74 2029— 53 2030— 40 Thereafter— 102 Total undiscounted lease payments$6 $473 Less: Imputed interest— (50)Total lease liabilities$6 $423 As of September 30, 2025, we have additional operating leases for facilities that have not yet commenced with undiscounted lease obligations of approximately $2 million. These leases will commence in fiscal 2026.Supplemental cash flow information related to leases consists of (in millions):202520242023Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from operating leases$117 $110 $102 Financing cash flows from finance leases6 10 6 Right-of-use assets obtained in exchange for lease obligationsOperating leases$68 $163 $93 Financing leases— 9 — 

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