Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 110

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 110
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9 27.1 22.6 Variable lease cost8.3 8.6 6.9 Sublease income(14.9)(14.5)(12.1)Total lease cost$80.4 $70.6 $69.9 

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Table of Contents

As of December 31, 2024, our remaining lease payments were as follows (in millions):Operating LeasesFinance Leases2025$39.9 $9.1 202631.3 8.8 202726.3 7.1 202824.0 4.7 202921.9 2.5 Thereafter79.6 2.1 Total remaining lease payments (undiscounted)223.1 34.3 Less: imputed interest46.9 4.3 Present value of lease liabilities$176.2 $30.0 Supplemental balance sheet information related to leases (in millions):December 31,Classification20242023Assets:Operating lease assetsOther non-current assets$172.5 $180.5 Finance lease assetsProperty and equipment, net$29.4 $15.5 Liabilities:Operating lease liability - currentAccrued expenses and other current liabilities$32.1 $32.2 Operating lease liability - long-termOther long-term liabilities$144.1 $157.9 Finance lease liability - currentCurrent maturities of long-term debt$7.6 $3.2 Finance lease liability - long-termLong-term debt$22.4 $12.4 Other information related to leases:December 31,20242023Weighted average remaining lease term of finance leases (in years)4.35.0Weighted average remaining lease term of operating leases (in years)7.98.5Weighted average discount rate of finance leases5.4%4.5%Weighted average discount rate of operating leases5.4%5.5%Cash paid for amounts included in the measurement of lease liabilities (in millions):Operating cash flows from finance leases$2.3$0.7Operating cash flows from operating leases$47.5$46.2Financing cash flows from finance leases$10.0$4.3Noncash investing and financing lease activities (in millions):Right of use assets obtained in exchange for new operating lease liability$23.9$16.