MSA Safety Inc Leases Disclosure
| Year Ended December 31, | |||||||||||||||||
| (In millions, except percentage and year amounts) | 2025 | 2024 | |||||||||||||||
| Lease cost: | |||||||||||||||||
| Operating lease cost recognized as rent expense | $ | 16.0 | $ | 13.7 | |||||||||||||
| Total lease cost | $ | 16.0 | $ | 13.7 | |||||||||||||
| Other Information | |||||||||||||||||
| Cash paid for amounts included in the measurement of lease liabilities: | |||||||||||||||||
| Operating cash flows related to operating leases | $ | 16.1 | $ | 13.5 | |||||||||||||
| Non-cash other information: | |||||||||||||||||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 10.0 | $ | 12.2 | |||||||||||||
| Right-of-use assets obtained in acquisitions | 0.8 | — | |||||||||||||||
| December 31, | |||||||||||||||||
| 2025 | 2024 | ||||||||||||||||
| Weighted-average remaining lease term (in years): | |||||||||||||||||
| Operating leases | 10 | 11 | |||||||||||||||
| Weighted-average discount rate: | |||||||||||||||||
| Operating leases | 3.97 | % | 3.81 | % | |||||||||||||
| (In millions) | Operating Leases | ||||||||||
| 2026 | $ | 15.2 | |||||||||
| 2027 | 11.9 | ||||||||||
| 2028 | 9.3 | ||||||||||
| 2029 | 7.0 | ||||||||||
| 2030 | 4.5 | ||||||||||
| After 2030 | 21.4 | ||||||||||
| $ | 69.3 | ||||||||||
| Less: Imputed interest | 9.9 | ||||||||||
| Present value of operating lease liabilities | 59.4 | ||||||||||
| 13.2 | |||||||||||
| Noncurrent operating lease liabilities | $ | 46.2 | |||||||||
(a) Included in Other current liabilities on the Consolidated Balance Sheets. | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 29, 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.