Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 138

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 138
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 Telenet Tower Lease Agreement, see note 6.(b)Our finance lease ROU assets are included in property and equipment, net, on our consolidated balance sheets. At December 31, 2024, the weighted average remaining lease term for finance leases was 7.8 years and the weighted average discount rate was 8.9%. During 2024, 2023 and 2022, we recorded non-cash additions to our finance lease ROU assets of $7.4 million, $20.9 million and $33.8 million, respectively.(c)The current portions of our operating lease liabilities are included within other accrued and current liabilities on our consolidated balance sheets.(d)The current and long-term portions of our finance lease liabilities are included within current portion of debt and finance lease obligations and long-term debt and finance lease obligations, respectively, on our consolidated balance sheets.

II-95

LIBERTY GLOBAL LTD.Notes to Consolidated Financial Statements — (Continued)December 31, 2024, 2023 and 2022

A summary of our aggregate lease expense is set forth below: Year ended December 31,202420232022in millionsFinance lease expense:Depreciation and amortization$4.2 $30.2 $59.4 Interest expense (a)1.4 0.5 25.2 Total finance lease expense5.6 30.7 84.6 Operating lease expense (b)108.6 87.2 66.7 Short-term lease expense (b)0.4 0.6 0.4 Variable lease expense (c)1.4 1.4 1.9 Total lease expense$116.0 $119.9 $153.6 _______________(a)The amount for the 2023 period includes the reversal of previously recognized interest expense as a result of certain settlements of lease liabilities. (b)Our operating lease expense and short-term lease expense are included in programming and other direct costs of services, other operating expenses, SG&A expenses and impairment, restructuring and other operating items, net, in our consolidated statements of operations. (c)Variable lease expense represents payments made to a lessor during the lease term that vary because of a change in circumstance that occurred after the lease commencement date. Variable lease payments are expensed as incurred and are included in other operating expenses in our consolidated statements of operations.A summary