Leases

The Company has operating leases in various countries primarily for office facilities and finance leases primarily for information technology equipment and vehicles.

As of December 31, 2024, the Company’s leases generally do not contain any material residual value guarantees or material restrictive covenants. The depreciable life of lease ROU assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

The operating lease cost, including short term leases, recognized in the consolidated statement of operations for the years ended December 31, 2024, 2023 and 2022 was $24 million, $31 million and $26 million, respectively. Short term lease cost is $2 million, $5 million and $5 million for the years ended December 31, 2024, 2023 and 2022, respectively.

The finance lease amounts recognized in the consolidated statements of operations relating to amortization of ROU assets and interest on finance lease obligations was $3 million, $2 million and $1 million for the years ended December 31, 2024, 2023, and 2022, respectively.

The following table sets out supplemental cash flow information related to leases for the years ended December 31, 2024, 2023 and 2022:


	Year ended December 31,
(in $ millions)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities related to operating leases	$	28	$	30	$	30
Cash used in financing activities related to finance leases	$	2	$	2	$	2

ROU assets obtained in exchange for lease obligations:
Operating lease	$	30	$	10	$	21
Finance lease	$	5	$	2	$	1

The following table sets out supplemental other information related to leases:


	2024		2023		2022
Weighted average remaining lease term:
Operating leases	6.2 years		5.9 years		6.2 years
Finance leases	2.1 years		2.3 years		1.2 years

Weighted average discount rate:
Operating lease	8.37	%	9.03	%	8.42	%
Finance lease	7.88	%	9.66	%	5.08	%

During the years ended December 31, 2024 and 2023, the Company undertook an initiative to consolidate and rationalize its office facilities at different geographical locations. The Company applied lease reassessment and modification guidance and evaluated the ROU assets for potential impairment. Where the Company plans to exit all or distinct portions of a facility and does not have the ability or intent to sublease, the Company accelerates the amortization of operating lease ROU asset and related leasehold improvements at those premises. Accelerated amortization is recognized from the date that the Company approves the plan to fully or partially vacate a facility, for which there is no intent or ability to enter into a sublease, through the final vacate date.

The accelerated amortization of operating lease ROU asset is recorded as a component of general and administrative expense in the Company’s consolidated statements of operations. Accelerated amortization of any related leasehold improvements is recorded as a component of depreciation and amortization in the Company’s consolidated statements of operations. Estimated future costs related to other non-lease components (e.g., common area maintenance charges) were accrued as part of restructuring expense and recorded as a liability on the facilities abandonment date.

For the years ended December 31, 2024 and 2023, the Company recorded $4 million and $7 million as accelerated amortization of operating lease ROU asset. There was no impairment or accelerated amortization of operating lease ROU asset recorded during the year ended December 31, 2022.

The following table sets out the undiscounted future payments for operating lease liabilities as of December 31, 2024. For the undiscounted future payments for finance lease liabilities see note 13 - Long-term Debt.


(in $ millions)	Amount
2025	$	20
2026	19
2027	15
2028	10
2029	8
Thereafter	30
Total	102
Less: Interest cost included	(24)
Total lease liabilities	78
Less: Current portion of lease liabilities	(15)
Long-term portion of lease liabilities	$	63

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.

Global Business Travel Group, Inc. Leases Disclosure

About Leases Disclosures

Other Available Disclosures