19 » Lease Liabilities
Lease liabilities consist of the following:
|
|
Dec. 31, 2025 |
|
Dec. 31, 2024 |
|---|---|---|---|---|
Land and buildings |
|
2,873 |
|
3,047 |
Technical equipment and machinery |
|
6 |
|
12 |
Other equipment, furniture, and fixtures |
|
35 |
|
44 |
Lease liabilities |
|
2,913 |
|
3,102 |
The contractual payments for lease liabilities held by adidas as at December 31, 2025, in an amount of € 3.4 billion (2024: € 3.6 billion), mature as follows:
|
|
Dec. 31, 2025 |
|
Dec. 31, 2024 |
|---|---|---|---|---|
Within 1 year |
|
749 |
|
751 |
Between 1 and 5 years |
|
1,815 |
|
1,807 |
After 5 years |
|
859 |
|
1,004 |
Total |
|
3,423 |
|
3,562 |
Interest recognized on lease liabilities in 2025 amounted to € 109 million (2024: € 99 million).
Expenses from leases classified as short-term, low-value, or variable are excluded from the measurement of the lease liability. Further information on total expenses relating to short-term, low-value, and variable leases is provided in these Notes. SEE NOTE 31
In 2025, the total cash outflows for leases, including the above-mentioned leases not included in the calculation of the lease liability, amounted to € 919 million (2024: € 895 million).