OSHKOSH CORPORATION NOTES OF CONSOLIDATED FINANCIAL STATEMENTS
13. Leases The components of lease costs were as follows (in millions):
Year Ended December 31,
2025
2024
2023
Operating lease cost
$
55.7 $
52.3 $
58.6 13.8 31.7 11.1 1.4
Finance lease cost - amortization Finance lease cost - interest
22.6
20.1
3.6
2.9
Variable lease cost Short-term lease cost
17.8 16.4
21.9 13.5
Supplemental information related to leases was as follows (in millions, except term and rate amounts): December 31, 2025 December 31, 2024
Balance Sheet Classification
Operating leases
Finance leases
Operating leases
Finance leases
Total
Total
Lease right of use assets
Other non-current assets
$ 196.0 $ 70.6 $
266.6 $ 200.1 $ 57.2 $
257.3
Current lease liabilities
Other current liabilities
39.3
19.6
58.9
40.5
16.2
56.7
Non-current lease liabilities
Other non-current liabilities
166.5
51.7
218.2
167.1
42.7
209.8
Weighted average remaining lease term
6.1 years
4.8 years
6.4 years
5.2 years
Weighted average discount rates
4.3%
4.8%
4.1%
4.3%
The supplemental cash flow information related to leases is as follows (in millions):
Year Ended December 31,
2025
2024
2023
Cash paid for amounts included in the measurement of lease liabilities: Cash paid for operating lease liabilities
$
50.2 $
55.0 $
54.5 14.6 45.2 44.2
Cash paid for finance lease liabilities
40.3
20.8
Right of use assets obtained in exchange for lease liabilities: Operating leases
$
39.6 $
38.2 $
Finance leases
30.7
18.0
The table below presents the right-of-use asset balance for leases disaggregated by type of lease (in millions): December 31, 2025 2024 Operating leases: Real estate leases $ 182.5 $ 185.3 Equipment leases 13.5 14.8 $ 196.0 $ 200.1 Finance leases: Real estate leases $ 8.8 $ 8.6 Equipment leases 61.8 48.6 $ 70.6 $ 57.2
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