Citibank 2010 Annual Report Download - page 72

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CONTRACTUAL OBLIGATIONS
The following table includes information on Citigroup’s contractual
obligations, as specified and aggregated pursuant to SEC requirements.
Purchase obligations consist of those obligations to purchase goods or
services that are enforceable and legally binding on Citi. For presentation
purposes, purchase obligations are included in the table below through
the termination date of the respective agreements, even if the contract is
renewable. Many of the purchase agreements for goods or services include
clauses that would allow Citigroup to cancel the agreement with specified
notice; however, that impact is not included in the table below (unless
Citigroup has already notified the counterparty of its intention to terminate
the agreement).
Other liabilities reflected on Citigroup’s Consolidated Balance Sheet
include obligations for goods and services that have already been received,
uncertain tax positions and other liabilities that have been incurred and will
ultimately be paid in cash.
Excluded from the following table are obligations that are generally short-
term in nature, including deposits and securities sold under agreements to
repurchase (see “Capital Resources and Liquidity—Funding and Liquidity”
above for a discussion of these obligations). The table also excludes certain
insurance and investment contracts subject to mortality and morbidity
risks or without defined maturities, such that the timing of payments and
withdrawals is uncertain. The liabilities related to these insurance and
investment contracts are included as Other liabilities on the Consolidated
Balance Sheet.
Contractual obligations by year
In millions of dollars at December 31, 2010 2011 2012 2013 2014 2015 Thereafter Total
Long-term debt obligations (1) $ 71,473 $94,234 $37,219 $31,903 $21,927 $124,427 $381,183
Operating and capital lease obligations 1,137 1,030 939 856 763 2,440 7,165
Purchase obligations 680 433 378 298 282 535 2,606
Other liabilities (2) 37,462 2,318 284 237 233 4,683 45,217
Total $110,752 $98,015 $38,820 $33,294 $23,205 $132,085 $436,171
(1) For additional information about long-term debt obligations, see “Capital Resources and Liquidity—Funding and Liquidity” above and Note 19 to the Consolidated Financial Statements.
(2) Includes accounts payable and accrued expenses recorded in Other liabilities on Citi’s Consolidated Balance Sheet. Also includes discretionary contributions for 2011 for Citi’s non-U.S. pension plans and the non-U.S.
postretirement plans, as well as employee benefit obligations accounted for under SFAS 87 (ASC 715), SFAS 106 (ASC 715) and SFAS 112 (ASC 712).