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Operating lease right-of-use assets—net

Quad Graphics·Geographic·4 segments·Rolls up to Operating Lease ROU Assets

Breakdown

Segments

United StatesView metric

EuropeView metric

Latin AmericaView metric

OtherView metric

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
United States	$118.9M	$102.6M	$85.6M	$71.9M	$61.9M
Other	$2.8M	$2.4M	$6.4M	$5.7M	$4.8M
Latin America	$700K	$3.8M	$2.1M	$1.3M	$1.3M
Europe	$3.3M	$2.3M	$2.5M	$0	$0
Total	$125.7M	$111.1M	$96.6M	$78.9M	$68M