Symantec 2016 Annual Report Download - page 162
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The minimum future rentals on non-cancelable operating leases by fiscal year are as follows:
April 1, 2016
(Dollars in millions)
2017 $86
2018 66
2019 58
2020 37
2021 32
Thereafter 25
Total minimum future lease payments 304
Sublease income (70)
Total minimum future lease payments, net $ 234
Purchase obligations
We have purchase obligations 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 reflects unrecognized purchase obligations by fiscal year:
April 1, 2016
(Dollars in millions)
2017 $ 256
2018 21
2019 50
Thereafter 2
Total purchase obligations $ 329
Indemnifications
In the ordinary course of business, we may provide indemnifications of varying scope and terms to
customers, vendors, lessors, business partners, subsidiaries and other parties with respect to certain matters,
including, but not limited to, losses arising out of our breach of agreements or representations and warranties
made by us. In addition, our bylaws contain indemnification obligations to our directors, officers, employees and
agents, and we have entered into indemnification agreements with our directors and certain of our officers to give
such directors and officers additional contractual assurances regarding the scope of the indemnification set forth
in our bylaws and to provide additional procedural protections. We maintain director and officer insurance,
which may cover certain liabilities arising from our obligation to indemnify our directors and officers. It is not
possible to determine the aggregate maximum potential loss under these indemnification agreements due to the
limited history of prior indemnification claims and the unique facts and circumstances involved in each particular
agreement. Such indemnification agreements might not be subject to maximum loss clauses. Historically, we
have not incurred material costs as a result of obligations under these agreements and we have not accrued any
liabilities related to such indemnification obligations in our Consolidated Financial Statements.
In connection with the sale of Veritas, we assigned several leases to Veritas Technologies LLC or its related
subsidiaries. As a condition to consenting to the assignments, certain lessors required us to agree to indemnify
the lessor under the applicable lease with respect to certain matters, including, but not limited to, losses arising
out of Veritas Technologies LLC or its related subsidiaries’ breach of payment obligations under the terms of the
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