Company: CNDT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001677703-25-000029
Chunk: 112

Company: CONDUENT Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 112
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 estate leases.Supplemental cash flow information related to leases was as follows:Year Ended December 31,(in millions)202420232022Cash paid for the amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$75 $83 $93 Operating cash flows from finance leases2 3 1 Total Cash Flow from Operating Activities$77 $86 $94 Financing cash flow from finance leases$17 $16 $10 Supplemental non-cash information on right of use assets obtained in exchange for new lease obligations:Operating leases$41 $70 $43 Finance leases$19 $21 $14 

CNDT 2024 Annual Report72

Supplemental balance sheet information related to leases was as follows:December 31,(in millions)20242023Operating lease assets:Operating lease right-of-use assets$169 $191 Operating lease liabilities:Other current liabilities52 54 Operating lease liabilities138 157 Total Operating Lease Liabilities$190 $211 Finance lease assets:Land, buildings and equipment, net$37 $21 Finance lease liabilities:Current portion of long-term debt8 12 Long-term debt18 10 Total Finance Lease Liabilities$26 $22 The weighted average discount rates and weighted average remaining lease terms for operating and finance leases as of December 31, 2024 and 2023 were as follows:December 31, 2024December 31, 2023Operating LeasesFinance LeasesOperating LeasesFinance LeasesWeighted average discount rates8.4 %8.7 %8.1 %9.0 %Weighted average remaining lease term (in years)4442Maturities of operating and finance lease liabilities as of December 31, 2024 were as follows:December 31, 2024(in millions)Operating Lease PaymentsFinance LeasePayments2025$65 $10 202659 7 202746 6 202824 6 202913 1 Thereafter19 — Total undiscounted lease payments226 30 Less imputed interest36 4 Present value of lease liabilities$190 $26 As of December 31, 2024, the Company had entered into additional operating lease agreements for equipment for $3 million, real estate for $8 million and finance leases for equipment for $25 million which have not commenced and