WYNDHAM HOTELS & RESORTS, INC. Leases Disclosure
| 18. LEASES | ||
| Classification on the Balance Sheets | December 31, 2025 | December 31, 2024 | ||||||||||||||||||
| Assets | ||||||||||||||||||||
| Other non-current assets | $ | 6 | $ | 10 | ||||||||||||||||
| Total lease assets | $ | 6 | $ | 10 | ||||||||||||||||
| Liabilities | ||||||||||||||||||||
| Current | ||||||||||||||||||||
| Operating lease liabilities | Accrued expenses and other current liabilities | $ | 3 | $ | 3 | |||||||||||||||
| Non-current | ||||||||||||||||||||
| Operating lease liabilities | Other non-current liabilities (a) | 3 | 6 | |||||||||||||||||
| Total lease liabilities | $ | 6 | $ | 9 | ||||||||||||||||
| December 31, 2025 | December 31, 2024 | |||||||||||||
| Weighted-average remaining lease term | ||||||||||||||
| Operating leases | 2.6 years | 3.3 years | ||||||||||||
| Weighted-average discount rate | ||||||||||||||
| Operating leases | 5.4 | % | 5.4 | % | ||||||||||
| Finance leases | — | % | 4.5 | % | ||||||||||
| 2026 | $ | 4 | |||
| 2027 | 4 | ||||
| 2028 | 1 | ||||
| 2029 | 1 | ||||
| 2030 | — | ||||
| Thereafter | — | ||||
| Total minimum lease payments | 10 | ||||
| Less: amount of lease payments representing interest | 1 | ||||
| Present value of future minimum lease payments | 9 | ||||
| 3 | |||||
Long-term lease obligations (a) | $ | 6 | |||
Consolidated Statements of Cash Flows: | Year Ended December 31, | ||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Operating activities | |||||||||||||||||
| Cash payments related to operating and finance leases | $ | 5 | $ | 6 | $ | 6 | |||||||||||
| Financing activities | |||||||||||||||||
| Cash payments related to finance leases | — | 39 | (a) | 5 | |||||||||||||
Consolidated Statements of Income: | Year Ended December 31, | ||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Operating lease expense | $ | 4 | $ | 5 | $ | 5 | |||||||||||
| Finance lease expense | |||||||||||||||||
| Amortization of right-of-use assets | — | 4 | 4 | ||||||||||||||
| Interest expense | — | 1 | 2 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 15, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2020 | Feb 12, 2021 | |
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.