Leases (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Operating Lease Liabilities by Contractual Maturity

The following is a schedule of the Company's operating lease liabilities by contractual maturity as of December 31, 2025:


	(in millions)
2026	$	32
2027	32
2028	31
2029	31
2030	27
Thereafter	24
Total lease payments	$	177
Less: imputed interest	17
Total present value of lease liabilities	$	160

Supplemental Cash Flow Information

The below table shows the supplemental cash flow information related to the Company's operating leases:


	Year Ended December 31,
	2025		2024		2023
	(in millions)
Cash paid for amounts included in the measurement of operating lease liabilities	$	29.8	$	31.6	$	19.3
Right-of-use assets obtained in exchange for new operating lease liabilities	26.5		6.4		6.3

The following table presents income taxes paid (net of refunds received) during the year ended December 31, 2025 by jurisdiction:




	(in millions)

U.S. Federal	$	19.4
U.S. state and local
California	7.2
New York City	3.6
New York State	3.4
New Jersey	(3.7)
Other (1)	1.8
Total income taxes paid	$	31.7

(1) The amount of income taxes paid (net of refund received) during the tax year either does not meet the 5% disaggregation threshold or is immaterial.

WESTERN ALLIANCE BANCORPORATION 10-K