Citibank 2011 Annual Report Download - page 76

54
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.
Contractual obligations by year
In millions of dollars at December 31, 2011 2012 2013 2014 2015 2016 Thereafter Total
,ONGTERMæDEBTæOBLIGATIONSæ        
/PERATINGæANDæCAPITALæLEASEæOBLIGATIONS       
0URCHASEæOBLIGATIONS       
/THERæLIABILITIESæ       
Total $126,507 $48,237 $39,657 $25,175 $21,258 $120,155 $380,989
æ &ORæADDITIONALæINFORMATIONæABOUTæLONGTERMæDEBTæOBLIGATIONSæSEEæh#APITALæ2ESOURCESæANDæ,IQUIDITY&UNDINGæANDæ,IQUIDITYvæABOVEæANDæ.OTEææTOæTHEæ#ONSOLIDATEDæ&INANCIALæ3TATEMENTS
æ )NCLUDESæACCOUNTSæPAYABLEæANDæACCRUEDæEXPENSESæRECORDEDæINæOther liabilitiesæONæ#ITISæ#ONSOLIDATEDæ"ALANCEæ3HEETæ!LSOæINCLUDESæDISCRETIONARYæCONTRIBUTIONSæFORææFORæ#ITISæNON53æPENSIONæPLANSæANDæTHEæNON53æ
POSTRETIREMENTæPLANSæASæWELLæASæEMPLOYEEæBENEFITæOBLIGATIONSæACCOUNTEDæFORæUNDERæ3&!3ææ!3#ææ3&!3ææ!3#ææANDæ3&!3ææ!3#æ
Excluded from the following table are obligations that are generally
short-term in nature, including deposits and securities sold under agreements
to repurchase, or repos (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.