GE Vernova Inc. Leases Disclosure
December 31 | 2025 | 2024 |
Current portion of operating lease liability | $183 | $163 |
Noncurrent portion of operating lease liability | 661 | 562 |
Total operating lease liability | $843 | $725 |
OPERATING LEASE EXPENSE | 2025 | 2024 | 2023 |
Long-term (fixed) | $220 | $194 | $205 |
Long-term (variable) | 21 | 47 | 49 |
Short-term | 14 | 25 | 63 |
Total operating lease expense | $255 | $265 | $317 |
MATURITY OF LEASE LIABILITIES | 2026 | 2027 | 2028 | 2029 | 2030 | Thereafter | Total |
Undiscounted lease payments | $217 | $179 | $150 | $102 | $79 | $276 | $1,003 |
Less: Imputed interest | (160) | ||||||
Total lease liability as of December 31, 2025 | $843 |
SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES | 2025 | 2024 | 2023 |
Operating cash flows used for operating leases | $225 | $242 | $214 |
Right-of-use assets obtained in exchange for new lease liabilities | 309 | 259 | 278 |
Weighted-average remaining lease term as of December 31 | 7.1 years | 7.3 years | 7.1 years |
Weighted-average discount rate as of December 31 | 4.6% | 4.4% | 4.0% |
December 31 | 2025 | 2024 |
Current portion of finance lease liability | $24 | $18 |
Noncurrent portion of finance lease liability | 254 | 248 |
Total finance lease liability | $278 | $266 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 29, 2026 | Showing above |
| 2024 | Feb 6, 2025 | |
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.