BALL Corp Leases Disclosure
14. Leases
The components of lease expense were as follows:
December 31, | |||||
($ in millions) | 2025 | | 2024 | ||
Operating lease expense | $ | (97) | $ | (98) | |
Financing lease expense | (2) | (4) | |||
Variable lease expense | (14) | (11) | |||
Sublease income | 1 | 2 | |||
Net lease expense | $ | (112) | $ | (111) | |
Supplemental cash flow information related to leases was as follows:
December 31, | |||||
($ in millions) | 2025 | | 2024 | ||
Cash paid for amounts included in the measurements of lease liabilities: | |||||
Operating cash outflows for operating leases | $ | (101) | $ | (97) | |
Financing cash outflows for finance leases | (3) | (3) | |||
ROU assets obtained in exchange for: | |||||
Operating lease obligations | 102 | 53 | |||
Finance lease obligations | 2 | 24 | |||
Supplemental balance sheet information related to leases was as follows:
December 31, | |||||||
($ in millions) | Balance Sheet Location | 2025 | 2024 | ||||
Operating leases: | |||||||
Operating lease ROU asset | $ | 355 | $ | 334 | |||
Current operating lease liabilities | 78 | 79 | |||||
Noncurrent operating lease liabilities | 283 | 265 | |||||
Finance leases: | |||||||
Finance lease ROU assets, net | 7 | 31 | |||||
Current finance lease liabilities | Short-term debt and current portion of long-term debt | 2 | 26 | ||||
Noncurrent finance lease liabilities | 6 | 5 | |||||
Weighted average remaining lease term and weighted average discount rate for the company’s leases were as follows:
December 31, | |||||||
2025 | 2024 | ||||||
Weighted average remaining lease term in years: | |||||||
Operating leases | 7 | 7 | |||||
Finance leases | 5 | 1 | |||||
Weighted average discount rate: | |||||||
Operating leases | 4.8 | % | 4.4 | % | |||
Finance leases | 3.6 | % | 4.8 | % | |||
Maturities of lease liabilities are as follows:
($ in millions) | Operating Leases | Finance Leases | ||||
2026 | $ | 83 | $ | 2 | ||
2027 | 75 | 1 | ||||
2028 | 60 | 1 | ||||
2029 | 45 | 1 | ||||
2030 | 38 | 1 | ||||
Thereafter | 110 | 2 | ||||
Future value of lease liabilities | 411 | 8 | ||||
Less: Imputed interest | (50) | — | ||||
Present value of lease liabilities | $ | 361 | $ | 8 | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 16, 2022 | |
| 2020 | Feb 17, 2021 | |
| 2019 | Feb 19, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Mar 2, 2017 | |
| 2015 | Feb 16, 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.