Best Buy 2006 Annual Report Download - page 57

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43
PART II
Contractual Obligations
The following table presents information regarding our contractual obligations by fiscal year ($in millions):
Payments Due by Period
Contractual Obligations Total
Less Than
1 Year 1-3 Years 3-5 Years
More Than
5 Years
Long-term debt obligations $ 412 $ 403$ — $ 9
$ —
Capital lease obligations 27 3 64 14
Financing lease obligations 15712 26 29 90
Interest payments 280244641 169
Operating lease obligations (1)5,928 6021,187 1,059 3,080
Purchase obligations (2)1,968 1,141 454347 26
Deferred compensation(3)——— — —
Total $ 8,772 $ 2,185 $1,719 $ 1 ,489 $ 3 ,379
Note: For additional information refer to Note 4, Debt; Note 7, Leases; and Note 11, Contingencies and Commitments, in the Notes to
Consolidated Financial Statements, includedin Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.
(1)Operating lease obligations do not include payments to landlords covering real estate taxes and common area maintenance. These
charges, if included, would increase total operating lease obligations by $1.5 billion as of February 25, 2006.
(2)Purchase obligations include agreements to purchase goods orservices that are enforceable, are legally binding and specify all
significant terms, including fixed or minimum quantities to be purchased; fixed, minimum or variable priceprovisions; and the
approximate timing of the transaction. Purchase obligations do not include agreements that are cancelable without penalty.
Additionally, although they are not legally binding agreements, we included open purchase orders in the table above. Substantially all
open purchase orders are fulfilled within 30 days.
(3)Included in other long-term liabilities on our consolidated balance sheet at February 25, 2006, is a $74 millio nobligation for
deferred compensation. As the specific payment dates for the deferred compensation are unknown, related balances have not been
reflected in the above table.