GE 2014 Annual Report Download - page 102

82 GE 2014 FORM 10-K
MD&A FINANCIAL RESOURCES AND LIQUIDITY
CONTRACTUAL OBLIGATIONS
As defined by reporting regulations, our contractual obligations for future payments as of December 31, 2014, follow.
Payments due by period
2020 and
(In billions) Total 2015 2016-2017 2018-2019 thereafte
r
Borrowin
g
s and bank de
p
osits
(
Note 10
)
$ 365.0 $ 118.9 $ 93.6 $ 51.8 $ 100.7
Interest on borrowin
g
s and bank de
p
osits 83.6 8.2 13.1 10.6 51.7
Purchase obli
g
ations
(
a
)(
b
)
55.7 27.6 9.5 9.0 9.6
Insurance liabilities
(
Note 11
)(
c
)
12.6 1.3 2.2 1.6 7.5
O
p
eratin
g
lease obli
g
ations
(
Note 19
)
4.1 0.8 1.3 0.9 1.1
Other liabilities
(
d
)
84.2 17.1 7.8 6.9 52.4
Contractual obli
g
ations of discontinued o
p
erations
(
e
)
1.2 1.2 - - -
(a) Included all take-or-pay arrangements, capital expenditures, contractual commitments to purchase equipment that will be leased to others, contractual commitments
related to factoring agreements, software acquisition/license commitments, contractual minimum programming commitments and any contractually required cash
payments for acquisitions.
(b) Excluded funding commitments entered into in the ordinary course of business by our financial services businesses. Further information on these commitments and
other guarantees is provided in Note 24 to the consolidated financial statements in this Form 10-K Report.
(c) Included contracts with reasonably determinable cash flows such as structured settlements, guaranteed investment contracts, and certain property and casualty
contracts, and excluded long-term care, variable annuity and other life insurance contracts.
(d) Included an estimate of future expected funding requirements related to our postretirement benefit plans and included liabilities for unrecognized tax benefits. Because
their future cash outflows are uncertain, the following non-current liabilities are excluded from the table above: deferred taxes, derivatives, deferred revenue and other
sundry items. For further information on certain of these items, see Notes 14 and 22 to the consolidated financial statements in this Form 10-K Report.
(e) Included payments for other liabilities.