How are IFRS lease disclosures for lessees different that those of U.S. GAAP?

• IFRS requires disclosure of operating leases, while U.S. GAAP only requires disclosures for capital leases, as operating leases are treated as simple rental agreements.
• IFRS reporters provide disclosure related to the types of leases they have.
• U.S. GAAP requires more extensive disclosures related to purchase options and guaranteed residual values than does IFRS.
• IFRS and U.S. GAAP disclosures for lessees are identical.