Fidelity National Information Services, Inc.FIS

Fidelity National Information Services, Inc. Leases Disclosure

10-KFiled Feb 24, 20262 min read
Operating Leases
The classification of the Company's operating lease ROU assets and liabilities in the consolidated balance sheets as of December 31, 2025 and 2024, is as follows (in millions):
December 31,
Classification20252024
Operating lease ROU assetsOther noncurrent assets$231 $230 
Operating lease liabilitiesAccounts payable, accrued and other liabilities$71 $74 
Other noncurrent liabilities178 177 
Total operating lease liabilities$249 $251 

Operating lease cost was $77 million, $73 million and $90 million, and variable lease cost was $26 million, $27 million and $27 million for the years ended December 31, 2025, 2024 and 2023, respectively. There were no significant ROU asset impairment losses recognized during the years ended December 31, 2025, 2024 and 2023. Cash paid for amounts included in the measurement of operating lease liabilities included in operating cash flows was $84 million, $101 million and $106 million for the years ended December 31, 2025, 2024 and 2023, respectively. Operating lease ROU assets obtained in exchange for operating lease liabilities was $71 million and $89 million for the years ended December 31, 2025 and 2024, respectively. The weighted average remaining operating lease term was 5.7 years and 5.9 years and the weighted average operating lease discount rate was 4.2% and 3.9% as of December 31, 2025 and 2024, respectively.

Maturities of operating lease liabilities, as of December 31, 2025, are as follows (in millions):
2026$80 
202754 
202841 
202929 
203023 
Thereafter63 
Total lease payments290 
Less: Imputed interest(41)
Total operating lease liabilities$249 
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Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 13, 2025
2023Feb 26, 2024
2022Feb 27, 2023
2021Feb 23, 2022
2020Feb 18, 2021
2019Feb 20, 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.

Other Available Disclosures

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