AMERIPRISE FINANCIAL INC Leases Disclosure
| Leases | Balance Sheet Classification | December 31, 2024 | December 31, 2023 | |||||||||||||||||
| (in millions) | ||||||||||||||||||||
| Assets | ||||||||||||||||||||
| Operating lease assets | $ | 246 | $ | 259 | ||||||||||||||||
| Finance lease assets | 8 | 18 | ||||||||||||||||||
| Total lease assets | $ | 254 | $ | 277 | ||||||||||||||||
| Liabilities | ||||||||||||||||||||
| Operating lease liabilities | $ | 313 | $ | 325 | ||||||||||||||||
| Finance lease liabilities | 9 | 20 | ||||||||||||||||||
| Total lease liabilities | $ | 322 | $ | 345 | ||||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||||||||
| Lease Cost | Income Statement Classification | 2024 | 2023 | 2022 | ||||||||||||||||||||||
| (in millions) | ||||||||||||||||||||||||||
| Operating lease cost | General and administrative expense | $ | 61 | $ | 55 | $ | 61 | |||||||||||||||||||
| Finance lease cost: | ||||||||||||||||||||||||||
| Amortization of ROU assets | General and administrative expense | 10 | 10 | 10 | ||||||||||||||||||||||
| Interest on lease liabilities | Interest and debt expense | 1 | 1 | 1 | ||||||||||||||||||||||
| Total lease cost | $ | 72 | $ | 66 | $ | 72 | ||||||||||||||||||||
December 31, 2024 | December 31, 2023 | |||||||||||||||||||||||||
| Lease Term and Discount Rate | Finance Leases | Operating Leases | Finance Leases | Operating Leases | ||||||||||||||||||||||
| Weighted-average remaining lease term (years) | 1 | 6 | 2 | 6 | ||||||||||||||||||||||
| Weighted-average discount rate | 3.4 | % | 2.9 | % | 3.4 | % | 2.7 | % | ||||||||||||||||||
| Years Ended December 31, | ||||||||||||||||||||
| Supplemental Cash Flow Information | 2024 | 2023 | 2022 | |||||||||||||||||
| (in millions) | ||||||||||||||||||||
| Operating cash flows: | ||||||||||||||||||||
| Cash paid for amounts included in measurement of operating lease liabilities | $ | 69 | $ | 68 | $ | 65 | ||||||||||||||
| Cash paid for amounts included in measurement of finance lease liabilities | 1 | 1 | 1 | |||||||||||||||||
| Financing cash flows: | ||||||||||||||||||||
| Cash paid for amounts included in measurement of finance lease liabilities | $ | 11 | $ | 10 | $ | 10 | ||||||||||||||
| Maturity of Lease Liabilities | December 31, 2024 | |||||||||||||
| Finance Leases | Operating Leases | |||||||||||||
| (in millions) | ||||||||||||||
| 2025 | $ | 9 | $ | 72 | ||||||||||
| 2026 | — | 68 | ||||||||||||
| 2027 | — | 56 | ||||||||||||
| 2028 | — | 44 | ||||||||||||
| 2029 | — | 35 | ||||||||||||
| Thereafter | — | 65 | ||||||||||||
| Total lease payments | 9 | 340 | ||||||||||||
Less: interest | — | 27 | ||||||||||||
| Present value of lease liabilities | $ | 9 | $ | 313 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Feb 20, 2025 | Showing above |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 26, 2020 | |
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.