Archer-Daniels-Midland Co Leases Disclosure
| Year Ended December 31 | |||||||||||
| 2025 | 2024 | 2023 | |||||||||
| Lease cost: | |||||||||||
| Operating lease cost | $ | 430 | $ | 410 | $ | 390 | |||||
| Short-term lease cost | 105 | 135 | 126 | ||||||||
| Total lease cost | $ | 535 | $ | 545 | $ | 516 | |||||
| Other information: | |||||||||||
| Operating lease liability principal payments | $ | 415 | $ | 397 | $ | 374 | |||||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 278 | $ | 437 | $ | 327 | |||||
| December 31 | |||||||||||
| 2025 | 2024 | ||||||||||
| Weighted-average remaining lease term - operating leases (in years) | 7 | 7 | |||||||||
| Weighted average discount rate - operating leases | 4.8 | % | 4.5 | % | |||||||
| Undiscounted | |||||
| Cash Flows | |||||
| 2026 | $ | 357 | |||
| 2027 | 294 | ||||
| 2028 | 241 | ||||
| 2029 | 175 | ||||
| 2030 | 118 | ||||
| Thereafter | 411 | ||||
| Total undiscounted minimum lease payments | 1,596 | ||||
Less: Interest (1) | (248) | ||||
| Lease liability | $ | 1,348 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Mar 12, 2024 | |
| 2022 | Feb 14, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Feb 18, 2021 | |
| 2019 | Feb 18, 2020 | |
| 2018 | Feb 19, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 17, 2017 | |
| 2015 | Feb 19, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.