Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 79

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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0 $146.2 $192.8 $(117.8)$75.0 Financing Leases$19.0 $28.1 $13.3 $7.0 $2.7 $19.7 $89.8 $(13.0)$76.8 

As of July 3, 2025, the Company had additional operating and financing lease commitments that have not yet commenced of approximately $6.2 and $8.1, 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 20 years. The Company’s involvement in the construction and design process for these assets is generally limited to project management.   

11.  Other Assets, Goodwill, and Intangible Assets

Other current assets are summarized as follows:July 3,2025December 31,2024Prepaid expenses$39.7 $41.4 Income tax receivable0.5 6.6 Other assets - short-term11.0 10.0 Total other current assets$51.2 $58.0 Other assets are summarized as follows:July 3,2025December 31,2024Supply agreements (1)$— $0.7 Equity in net assets of affiliates— 0.9 Restricted cash - collateral requirements33.4 29.5 Rotables43.3 43.0 Bond collateral— 11.2 Other2.1 19.9 Total other long-term assets$78.8 $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 31,2024AcquisitionsAdjustments/OtherCurrency ExchangeJuly 3,2025Commercial$296.5 $— $— $0.3 $296.8 Defense & Space$12.1 $— $— $— $12.1 Aftermarket$321.4 $— $— $— $321.4 $630.0 $— $— $0.3 $630.3 

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Table of ContentsSpirit AeroSystems Holdings,