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Telecom & Media: Leases (ASC 842)
Note: Supplemental lease cash flow and right-of-use asset disclosures under ASC 842.
VERIZON COMMUNICATIONS INC (VZ) · Form 10-K for period ended 2025-12-31 · filed 2026-02-17 · Section: The components of net lease cost were as follows:
Verbatim excerpt (176 words), formatting simplified. View full filing on EDGAR →
(dollars in millions) Years Ended December 31, 2025 2024 2023 Cash Flows from Operating Activities Cash paid for amounts included in the measurement of lease liabilities Operating cash flows for operating leases ( 5,280 ) ( 5,067 ) ( 4,929 ) Operating cash flows for finance leases ( 116 ) ( 98 ) ( 69 ) Cash Flows from Financing Activities Financing cash flows for finance leases ( 944 ) ( 794 ) ( 612 ) Supplemental lease cash flow disclosures Operating lease right-of-use assets obtained in exchange for new operating lease liabilities 3,642 4,385 2,634 Right-of-use assets obtained in exchange for new finance lease liabilities 1,104 1,051 968 Supplemental disclosures for the balance sheet related to finance leases were as follows:
(dollars in millions) At December 31, 2025 2024 Assets Property, plant and equipment, net 2,048 1,692 Liabilities Debt maturing within one year 943 894 Long-term debt 1,568 1,455 Total Finance lease liabilities 2,511 2,349 The weighted-average remaining lease term and the weighted-average discount rate of our leases were as follows:
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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)