Company: SPR
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021582
Chunk: 67

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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, remaining maturities of lease liabilities were as follows:202520262027202820292030 and thereafterTotal Lease PaymentsLess: Imputed InterestTotal Lease ObligationsOperating Leases$11.2 $12.8 $10.2 $9.2 $8.1 $195.1 $246.6 $(161.8)$84.8 Financing Leases$33.8 $30.6 $14.5 $7.1 $2.7 $19.6 $108.3 $(14.5)$93.8 

As of April 3, 2025, the Company had additional operating and financing lease commitments that have not yet commenced of approximately $5.6 and $7.3, respectively, for manufacturing equipment, software, and facilities that are in various phases of construction or customization for the Company’s ultimate use, with lease terms between 3 and 5 years. The Company’s involvement in the construction and design process for these assets is generally limited to project management.   

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Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)

11.  Other Assets, Goodwill, and Intangible Assets

Other current assets are summarized as follows:April 3,2025December 31,2024Prepaid expenses$55.8 $41.4 Income tax receivable6.9 6.6 Bond collateral8.0 — Other assets - short-term19.9 10.0 Total other current assets$90.6 $58.0 Other assets are summarized as follows:April 3,2025December 31,2024Supply agreements (1)$— $0.7 Equity in net assets of affiliates— 0.9 Restricted cash - collateral requirements33.1 29.5 Rotables43.3 43.0 Bond collateral11.2 11.2 Other13.9 19.9 Total other long-term assets$101.5 $105.2 (1)    Certain payments accounted for as consideration paid by the Company to a customer are being amortized as reductions to net revenues.

Goodwill is summarized as follows:Changes in Goodwill BalanceBalance atBalance atSegmentDecember 31,2024Ac