Symantec 2012 Annual Report Download - page 128

Contractual obligations
The following is a schedule by years of our significant contractual obligations as of March 30, 2012:
Payments Due by Period
Total Fiscal 2013
Fiscal 2014
and 2015
Fiscal 2016
and 2017
Fiscal 2018
and Thereafter Other
(In millions)
Senior Notes(1) ........................ $1,100 $ — $ — $350 $750 $ —
Interest payments on Senior Notes(1) ....... 300 41 82 67 110 —
Convertible Senior Notes(2) .............. 1,000 — 1,000 — — —
Interest payments on Convertible Senior
Notes(2) ............................ 12 10 2 — — —
Purchase obligations(3) .................. 473 420 51 2 — —
Operating leases(4) ..................... 457 99 149 84 125 —
Uncertain tax positions(5) ................ 393 — — — — 393
Total ................................ $3,735 $570 $1,284 $503 $985 $393
(1) In the second quarter of fiscal 2011, we issued $350 million in principal amount of 2.75% notes due
September 15, 2015 and $750 million in principal amount of 4.20% notes due September 15, 2020. Interest
payments were calculated based on terms of the related notes. For further information on the notes, see Note
6 of the Notes to Consolidated Financial Statements.
(2) In the first quarter of fiscal 2007, we issued $1.0 billion in principal amount of 1.00% notes due June 15,
2013. Interest payments were calculated based on terms of the notes. For further information on the notes,
see Note 6 of the Notes to Consolidated Financial Statements.
(3) These amounts are associated with agreements for purchases of goods or services generally including
agreements that are enforceable and legally binding and that specify all significant terms, including fixed or
minimum quantities to be purchased; fixed, minimum, or variable price provisions; and the approximate
timing of the transaction. The table above also includes agreements to purchase goods or services that have
cancellation provisions requiring little or no payment. The amounts under such contracts are included in the
table above because management believes that cancellation of these contracts is unlikely and we expect to
make future cash payments according to the contract terms or in similar amounts for similar materials.
(4) We have entered into various noncancelable operating lease agreements that expire on various dates beyond
fiscal 2018. The amounts in the table above include $24 million in exited or excess facility costs related to
restructuring activities, excluding expected sublease income.
(5) As of March 30, 2012, we reflected $393 million in long term taxes payable related to uncertain tax
positions. At this time, we are unable to make a reasonably reliable estimate of the timing of payments in
individual years beyond the next twelve months due to uncertainties in the timing of the commencement and
settlement of potential tax audits and controversies.
Indemnifications
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
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