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Right-of-use assets and lease liabilities
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Right-of-use assets and lease liabilities Right-of-use assets and lease liabilities
Accounting policy
We determine whether an arrangement contains a lease at inception. Leases are included in Right-of-use assets,
Accrued & other current liabilities and Accrued & other non-current liabilities in our Consolidated balance sheets.
Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent
our obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized
at commencement date based on the present value of lease payments over the lease term. As our leases do not
provide an implicit rate, we use our incremental borrowing rate based on the information available at
commencement date in determining the present value of lease payments. The Right-of-use assets include any lease
payments made at or before the commencement date and are reduced by lease incentives. Our Right-of-use asset
and lease liability valuation may include options to extend or terminate the lease when it is reasonably certain that we
will exercise that option. Lease expenses are recognized on a straight-line basis over the lease term. 
We have lease agreements with lease and non-lease components. The lease components are accounted for
separately from non-lease components. The allocation of the consideration between lease and non-lease
components is based on the relative standalone prices of lease components included in the lease contracts. 
Right-of-use assets consist of the following leases:
Year ended December 31 (€, in millions)
2023
2024
Properties
270.3
333.7
Cars
5.4
7.6
Warehouses
30.3
42.6
Other
0.6
3.3
Right-of-use assets
306.6
387.2
ASML owns the majority of real estate we utilize for manufacturing, supply chain management, R&D and general
administration at our headquarters in Veldhoven, the Netherlands. Our other locations worldwide, mostly related to
customer support, are leased. The total right-of-use assets related to properties includes a new finance lease
arrangement for land of €32 million.
The right-of-use assets increased in 2024 compared to 2023 mainly due to new land and warehouse leases and
extensions of existing leases.
Lease liabilities are split between current and non-current. The non-current portion mainly consists of properties and
warehouses and is presented as part of Accrued and other liabilities. For the year ended December 31, 2024, Lease
liabilities increased by €78.1 million, mainly due to lease extensions and new leases of properties that commenced
during 2024, of which €16.9 million relates to a finance lease. 
Year ended December 31 (€, in millions)
2023
2024
Current
46.7
68.6
Non-current
181.2
237.4
Lease liabilities
227.9
306.0
The Consolidated statements of operations include the following lease expenses:
Year ended December 31 (€, in millions)
2022
2023
2024
Properties
52.3
40.4
50.2
Cars
2.7
5.9
6.1
Warehouses
4.0
5.9
15.0
Other
1.4
0.8
2.2
Lease expenses
60.4
53.0
73.5
The total cash flows relating to the leases are as follows:
Year ended December 31 (€, in millions)
2022
2023
2024
Total cash flows
57.9
148.2
96.3
The total cash flow decreased in 2024 compared to 2023 due to fewer prepayments of new land leases in 2024
compared to 2023.
The weighted average remaining lease term and weighted average discount rate related to the leases are as follows:
Year ended December 31 (€, in millions)
2022
2023
2024
Weighted average remaining lease term (months)
67
365
296
Weighted average discount rate (%)
2.2%
2.5%
3.0%
The weighted average remaining lease term increased in 2023 due to a new land lease which has a lease term of 70
years. In 2024 the weighted average remaining lease term decreased due to new land lease additions with shorter
lease terms compared to 2023.