Schering-Plough SGP Number of operating lease agreements
Number of operating lease agreements at other companies
Other financials
Where this comes from
Reported directly by Schering-Plough in its filing.
Tagged under the XBRL concept sgp:LesseeNumberOfOperatingLeases.
The source filing: Schering-Plough’s 10-Q, filed May 14, 2026.
- Filed
- May 14, 2026, 4:30 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001778922-26-000035
The Company has entered into two operating lease agreements for office and lab space in Aliso Viejo, California. The Company entered into a lease termination agreement on December 1, 2023 and subsequently reinstated the lease on October 1, 2024 for a 12 month period where the Company elected the short-term lease practical expedient and expenses lease cost on a straight line basis. The Company entered into a new lease on January 1, 2024 with a noncancelable period of 90 months, an early termination option with a substantive penalty, and a five-year renewal option. The Company did not include the termination or renewal option in considering the lease term as the Company determined it was not likely to exercise the option. The lease was classified as an operating lease in accordance with the provisions of ASC 842, “Leases”, and discounted using an estimated incremental borrowing rate of 6.52%.
Item 1F. Financial Statements (Unaudited) Item 1. Financial Statements
FAQ
- What is Schering-Plough's number of operating lease agreements?
- Schering-Plough (SGP) reported number of operating lease agreements of 2 in Q4 2023.
- What does number of operating lease agreements mean?
- The total count of active operating lease agreements held by the company for facilities, equipment, or other assets. This metric provides insight into the company's physical footprint and operational commitments. It helps investors understand the scale of fixed obligations outside of debt.
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