Symantec 2012 Annual Report Download - page 169
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
The following is a schedule by years of minimum future rentals on noncancelable operating leases as of
March 30, 2012 (in millions):
2013 ........................................................................ $118
2014 ........................................................................ 91
2015 ........................................................................ 66
2016 ........................................................................ 47
2017 ........................................................................ 38
Thereafter ................................................................... 125
Total minimum future lease payments ............................................. $485
Less: sublease income .......................................................... 6
Total minimum future lease payments, net(1) ........................................ $479
(1) The total minimum future lease payments, net includes $24 million related to restructuring activities.
Purchase obligations
We have purchase obligations of $473 million as of March 30, 2012 that are associated with agreements for
purchases of goods or services. Management believes that cancellation of these contracts is unlikely and we
expect to make future cash payments according to the contract terms.
The following is a schedule by years of our unrecognized purchase obligations as of March 30, 2012
(in millions):
2013 ....................................................................... $420
2014 ....................................................................... 45
2015 ....................................................................... 6
2016 ....................................................................... —
2017 ....................................................................... 2
Thereafter ................................................................... —
Total purchase obligations ...................................................... $473
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.
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