Class, FASB Accounting Standards Update $($ASU$)$ No$.2016-02,$ Leases $($Topic $842)$ requires companies to classify leases into operating and financial leases. Let's learn how this ASU has complied with the U$.$S$.$ companies. Access a recent annual report of a publicly traded U$.$S$.$ company, look into its balance sheet and notes to financial statements, and answer the following questions.

$1.$ What type of leases does the company use?

$2.$ What amount of operating leases were reported by the company?

$3.$ What is the financial line item in the balance sheet that reports the leases $($operating $/$finance$)?$

$4.$ What other important disclosure about leases did you find in the notes to financial statements?