Toyota 2015 Annual Report Download - page 98

requested by Toyota dealers. Guarantee periods are set to match the maturity of installment payments, and as of
March 31, 2016, ranged from one month to 35 years. However, they are generally shorter than the useful lives of
products sold. Toyota is required to execute its guarantee primarily when customers are unable to make required
payments.
The maximum potential amount of future payments as of March 31, 2016 is ¥2,349.6 billion. Liabilities for
these guarantees of ¥5.5 billion have been provided as of March 31, 2016. Under these guarantee contracts,
Toyota is entitled to recover any amounts paid by it from the customers whose obligations it guaranteed.
5.F TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS
Contractual Obligations and Commitments
For information regarding debt obligations, capital lease obligations, operating lease obligations and other
obligations, including amounts maturing in each of the next five years, see notes 12, 23 and 24 to the
consolidated financial statements. In addition, as part of Toyota’s normal business practices, Toyota enters into
long-term arrangements with suppliers for purchases of certain raw materials, components and services. These
arrangements may contain fixed/minimum quantity purchase requirements. Toyota enters into such arrangements
to facilitate an adequate supply of these materials and services.
The following tables summarize Toyota’s contractual obligations and commercial commitments as of
March 31, 2016.
Yen in millions
Total
Payments Due by Period
Less than
1 year
1to
3 years
3to
5 years
5 years
and after
Contractual Obligations:
Short-term borrowings (note 12)
Loans ........................... 1,068,417 1,068,417 — — —
Commercial paper ................. 3,629,717 3,629,717 — — —
Long-term debt* (note 12) .............. 13,573,517 3,818,703 5,404,255 3,140,602 1,209,957
Estimated amount of interest expense on
long-term debt ...................... 846,397 254,270 312,303 125,257 154,567
Capital lease obligations (note 23) ........ 21,502 4,251 5,009 2,963 9,279
Non-cancelable operating lease obligations
(note 23) .......................... 69,407 13,747 19,818 11,076 24,766
Commitments for the purchase of property,
plant, other assets and services
(note 24) .......................... 331,054 140,506 51,409 56,236 82,903
Total ....................... 19,540,011 8,929,611 5,792,794 3,336,134 1,481,472
* “Long-term debt” represents future principal payments.
Toyota is unable to make reasonable estimates of the period of cash settlement with respect to liabilities
recognized for uncertain tax benefits, and accordingly such liabilities are excluded from the table above. See
note 15 to the consolidated financial statements for further discussion.
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