Citibank 2014 Annual Report Download - page 52

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CONTRACTUAL OBLIGATIONS
The following table includes information on Citigroup’s contractual obligations, as specified and aggregated pursuant to SEC requirements.
Contractual obligations by year
In millions of dollars 2015 2016 2017 2018 2019 Thereafter Total
Long-term debt obligations—principal (1) $31,070 $42,128 $40,249 $22,017 $22,117 $ 65,499 $223,080
Long-term debt obligations—interest payments (2) 6,932 5,710 4,334 3,294 2,557 33,895 56,722
Operating and capital lease obligations 1,415 1,192 964 771 679 4,994 10,015
Purchase obligations (3) 1,245 676 657 408 188 223 3,397
Other liabilities (4) 31,120 693 955 264 213 4,282 37,527
Total $71,782 $50,399 $47,159 $26,754 $25,754 $108,893 $330,741
(1) For additional information about long-term debt obligations, see “Managing Global Risk—Market Risk—Funding and Liquidity” below and Note 18 to the Consolidated Financial Statements.
(2) Contractual obligations related to interest payments on long-term debt for 2015—2019 are calculated by applying the December 31, 2014 weighted- average interest rate (3.34%) on average outstanding long-term
debt to the average remaining contractual obligations on long-term debt for each of those years. The “Thereafter” interest payments on long-term debt for the remaining years to maturity (for 2020—2098) are
calculated by applying interest rates on the remaining contractual obligations on long-term debt for each of those years.
(3) Purchase obligations consist of obligations to purchase goods or services that are enforceable and legally binding on Citi. For presentation purposes, purchase obligations are included in the table above 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 Citi to cancel the agreement with specified
notice; however, that impact is not included in the table above (unless Citi has already notified the counterparty of its intention to terminate the agreement).
(4) Other liabilities reflected on Citigroup’s Consolidated Balance Sheet includes accounts payable, accrued expenses, uncertain tax positions and other liabilities that have been incurred and will ultimately be paid in
cash; legal reserve accruals are not included in the table above. Also includes discretionary contributions in 2015 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).