Symantec 2009 Annual Report Download - page 148

Note 10. Commitments and Contingencies
Lease Commitments
We lease certain of our facilities and related equipment under operating leases that expire at various dates
through 2029. We currently sublease some space under various operating leases that will expire on various dates
through 2018. Some of our leases contain renewal options, escalation clauses, rent concessions, and leasehold
improvement incentives. Rent expense was $88 million, $87 million, and $83 million in fiscal 2009, 2008, and
2007, respectively.
As of April 3, 2009, our future commitments and sublease information under non-cancellable leases were as
follows:
Lease
Commitment
Sublease
Income
Net Lease
Commitment
(In thousands)
2010 .......................................... $ 93,203 $ 5,631 $ 87,572
2011 .......................................... 70,831 4,312 66,519
2012 .......................................... 57,749 2,422 55,327
2013 .......................................... 48,788 1,391 47,397
2014 .......................................... 41,605 753 40,852
Thereafter ...................................... 114,433 1,589 112,844
$426,609 $16,098 $410,511
(1)
The net lease commitment amount includes $11 million related to facilities that are included in our restructuring
reserve. For more information, see Note 9.
Indemnification
As permitted under Delaware law, we have agreements whereby we indemnify our officers and directors for
certain events or occurrences while the officer or director is, or was, serving at our request in such capacity. The
maximum potential amount of future payments we could be required to make under these indemnification
agreements is not limited; however, we have directors’ and officers’ insurance coverage that reduces our exposure
and may enable us to recover a portion of any future amounts paid. We believe the estimated fair value of these
indemnification agreements in excess of applicable insurance coverage is minimal.
We provide limited product warranties and the majority of our software license agreements contain provisions
that indemnify licensees of our software from damages and costs resulting from claims alleging that our software
infringes the intellectual property rights of a third party. Historically, payments made under these provisions have
been immaterial. We monitor the conditions that are subject to indemnification to identify if a loss has occurred.
Litigation Contingencies
For a discussion of our pending tax litigation with the Internal Revenue Service relating to the 2000 and 2001
tax years of Veritas, see Note 14.
On July 7, 2004, a purported class action complaint entitled Paul Kuck, et al. v. Veritas Software Corporation,
et al. was filed in the United States District Court for the District of Delaware. The lawsuit alleges violations of
federal securities laws in connection with Veritas’ announcement on July 6, 2004 that it expected results of
operations for the fiscal quarter ended June 30, 2004 to fall below earlier estimates. The complaint generally seeks
an unspecified amount of damages. Subsequently, additional purported class action complaints have been filed in
Delaware federal court, and, on March 3, 2005, the Court entered an order consolidating these actions and
88
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)