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Mining: Leases (ASC 842)
Verbatim excerpt (281 words), formatting simplified. View full filing on EDGAR →
years ended December 31 (in millions) 2025 2024 2023 Accrued liabilities for purchases of property, plant and equipment 140 143 128 Right-of-use assets obtained in exchange for new operating lease liabilities 75 68 63 Right-of-use assets obtained in exchange for new finance lease liabilities 67 17 22 Remeasurement of finance lease right-of-use assets 50 27 — Remeasurement of operating lease right-of-use assets ( 1 7 10 Acquisition of assets through asset exchange — — 5 Supplemental disclosures of cash flow information are as follows:
years ended December 31 (in millions) 2025 2024 2023 Cash paid for interest, net of amount capitalized 229 158 159 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases 82 77 77 Operating cash flows used for finance leases 10 6 5 Financing cash flows used for finance leases 23 20 17 Note R: Other Operating Income, Net
Other operating income, net, is comprised generally of gains and losses on divestitures and the sale of assets; asset and portfolio rationalization charges; recoveries and losses related to certain customer accounts receivable; recoveries and losses on the resolution of contingency accruals; rental, royalty and services income; and accretion expense, depreciation expense, and gains and losses related to asset retirement obligations. These net amounts represented income of $ 6 million , $ 1.3 billion and $ 25 million in 2025, 2024 and 2023, respectively.
In 2025, other operating income, net, included $ 18 million of gains on land sales, which were offset by a $ 21 million pretax asset and portfolio rationalization charge primarily related to the discontinuation of five operations in the West Group that are no longer commercially viable.
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Templates & resources
- AICPA & CIMA – SEC reporting resources (AICPA & CIMA · Professional body · Free / member)
- BDO Accounting, Reporting & Compliance Hub (ARCH) (BDO · Firm guide · Free)
- Deloitte DART – Roadmap Series (Deloitte · Firm guide · Free)
- KPMG Financial Reporting View (KPMG · Firm guide · Free)
- KPMG Handbook: Leases (KPMG · Firm guide · Free)
- PwC Viewpoint (PwC · Firm guide · Free / paid)
- RSM Financial Reporting Resource Center (RSM · Firm guide · Free)
- SEC – EDGAR Full Text Search (SEC · Regulator · Free)