Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 72

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 72
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ases

GeneralWe enter into operating and finance leases for network equipment, real estate, mobile site sharing and vehicles. We provide residual value guarantees on certain of our vehicle leases. Lease BalancesA summary of our right-of-use (ROU) assets and lease liabilities is set forth below: March 31,2025December 31,2024in millionsROU assets:Operating leases (a)$728.2 $710.5 Finance leases (b)38.1 38.2 Total ROU assets$766.3 $748.7 Lease liabilities:Operating leases (c)$774.0 $753.1 Finance leases (d)34.1 34.1 Total lease liabilities$808.1 $787.2 _______________(a)Our operating ROU assets are included in other assets, net, on our condensed consolidated balance sheets. At March 31, 2025, the weighted average remaining lease term for operating leases was 11.2 years and the weighted average discount rate was 5.4%. During the three months ended March 31, 2025 and 2024, we recorded non-cash additions to our operating lease ROU assets of $9.6 million and $10.5 million, respectively.(b)Our finance lease ROU assets are included in property and equipment, net, on our condensed consolidated balance sheets. At March 31, 2025, the weighted average remaining lease term for finance leases was 7.7 years and the weighted average discount rate was 8.8%. During the three months ended March 31, 2025 and 2024, we recorded non-cash additions to our finance lease ROU assets of nil and $0.5 million, respectively.(c)The current portions of our operating lease liabilities are included within other accrued and current liabilities on our condensed 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 condensed consolidated balance sheets.

32

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)March 31, 2025(unaudited)

A summary of our aggregate lease expense is set forth below: Three months endedMarch 31, 20252024 in millionsFinance lease expense:Depreciation and amortization$2.0 $0.