AMD 2011 Annual Report Download - page 68

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Contractual Obligations
The following table summarizes our consolidated principal contractual cash obligations, as of December 31,
2011, and is supplemented by the discussion following the table:
Payment due by period
(In millions) Total 2012 2013 2014 2015 2016
2017
and beyond
5.75% Convertible Senior Notes due 2012 ......... $ 485 $485 $— $— $— $— $ —
6.00% Convertible Senior Notes due 2015(1) ........ 580 ———580— —
8.125% Senior Notes due 2017(1) ................. 500 ————— 500
7.75% Senior Notes due 2020 ................... 500 ————— 500
Other long-term liabilities ...................... 21 — 19 1 — — 1
Aggregate interest obligation(2) .................. 714 133 114 114 94 79 180
Capital lease obligations(3) ...................... 3166666 1
Operating leases .............................. 175 36 32 29 24 17 37
Purchase obligations(4) ......................... 374 302 38 21 13 — —
Total contractual obligations .................... $3,380 $962 $209 $171 $717 $102 $1,219
(1) Represents aggregate principal amount of the notes, without the effect of associated discounts.
(2) Represents estimated aggregate interest obligations for our outstanding debt obligations that are payable in
cash, excluding capital lease obligations. Also excludes non-cash amortization of debt discounts on the
8.125% Notes and the 6.00% Notes.
(3) Includes principal and imputed interest.
(4) We have purchase obligations for goods and services where payments are based, in part, on the volume or
type of services we require. In those cases, we only included the minimum volume of purchase obligations
in the table above. Also, purchase orders for goods and services that are cancelable upon notice and without
significant penalties are not included in the amounts above. This amount does not include estimates of
future purchase obligations to GF under the Wafer Supply Agreement, which we expect will continue to be
material. See “Purchase Obligations,” below.
5.75% Convertible Senior Notes due 2012
On August 14, 2007, we issued $1.5 billion aggregate principal amount of 5.75% Convertible Senior Notes
due 2012 (the 5.75% Notes). The 5.75% Notes are our general unsecured senior obligations. Interest is payable in
arrears on February 15 and August 15 of each year beginning February 15, 2008 until the maturity date of
August 15, 2012. The terms of the 5.75% Notes are governed by an Indenture (the 5.75% Indenture), dated as of
August 14, 2007, by and between us and Wells Fargo Bank, National Association, as Trustee.
As of December 31, 2011, the remaining outstanding aggregate principal amount of our 5.75% Notes was
$485 million.
We may elect to refinance the outstanding amount of our 5.75% Notes, or to purchase or otherwise retire the
outstanding amount of our 5.75% Notes in open market or privately negotiated transactions, either directly or
through intermediaries. Otherwise, we will pay off the outstanding amount of our 5.75% Notes at maturity.
See Note 10 of “Notes to Consolidated Financial Statements,” below, for additional information regarding
the 5.75% Notes.
6.00% Convertible Senior Notes due 2015
On April 27, 2007, we issued $2.2 billion aggregate principal amount of 6.00% Convertible Senior Notes
due 2015. The 6.00% Notes are our general unsecured senior obligations. Interest is payable on May 1 and
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