Both Lessor and Lessee are required to provide disclosures related to Capital and Operating leases. The following disclosures are required under US GAAP.

Disclosure Requirements for Lessees

Lessee Capital Lease Disclosure Requirements

• A description of the general leasing arrangements
• Disclosure of the gross amount of assets recorded under capital leases presented by major asset class and the total amount of accumulated depreciation.
• Separate identification of related obligations as capital lease obligations in the balance sheet with classification as current or non-current as appropriate.
• Disclosure of the minimum future lease payments in total and for each of the next five years, presenting a deduction for the amount of imputed interest to reduce the net minimum future lease payments to their present value

Lessee Operating Lease Disclosure Requirements

• A description of the general leasing arrangements
• Disclosure of the future minimum rental payments in total and for each of the next five years for non-cancellable leases of more than one year
• Disclosure of current year rental costs

Disclosure Requirements for Lessors

Lessor Capital Lease Disclosure Requirements

• A description of the general leasing arrangements
• The total future minimum lease payments receivable with separate deductions for executory costs and uncollectibles
• Unguaranteed residual values accruing to the government
• Minimum lease receipts for each of the five succeeding fiscal years
• Any unearned income offset against initial direct costs
• Total contingent rentals of the period

Lessor Operating Lease Disclosure Requirements

• A description of the general leasing arrangements
• Cost and carrying amount of leased assets
• Depreciation on leased assets
• For non-cancelable leases, minimum future rentals in the aggregate and for each of the five succeeding fiscal years
• Total contingent rentals of the period