Ingram Micro 2010 Annual Report Download - page 46

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of our trade accounts receivable eligible to be sold into these programs and the financial institutions’ willingness to
purchase such receivables. At January 1, 2011, we had a total of $112,484 of trade accounts receivable sold to and
held by the financial institutions under these programs.
Contractual Obligations and Off-Balance Sheet Arrangements
The following table summarizes our financing capacity and contractual obligations at January 1, 2011, and the
effects that scheduled payments on such obligations are expected to have on our liquidity and cash flows in future
periods. The amounts do not include interest. Except for interest related to our $300,000 of 5.25% senior unsecured
notes and $184,375 of the senior unsecured term loan, which is fixed at approximately 5%, through the interest rate
swap, all other interest is incurred at variable rates (see Note 6 to our consolidated financial statements).
Contractual Obligations
Total
Capacity
Balance
Outstanding
Less Than
1 Year 1 — 3 Years 3 — 5 Years
After
5 years
Payments Due by Period
Senior unsecured notes ..... $ 300,000 $ 300,000 $ — $ — $ — $300,000
North American revolving
trade accounts receivable-
backed financing
program(1) ............ 500,000 — — — — —
EMEA revolving trade
accounts receivable-backed
financing programs(1) .... 347,000 — — — — —
Asia Pacific revolving trade
accounts receivable-backed
financing program(1) ..... 215,000 — — — — —
Senior unsecured term
loan(2) ............... 243,627 243,627 12,500 231,127 — —
Revolving senior unsecured
credit facilities(3) ....... 295,000 — — — — —
Lines of credit and other(3) . . 596,000 92,774 92,774 — — —
Subtotal ................ 2,496,627 636,401 105,274 231,127 — 300,000
Minimum payments under:
Operating leases(4) ........ 411,557 411,557 79,571 126,445 83,216 122,325
IT and business process
outsourcing
agreements(5) .......... 11,355 11,355 5,225 6,130 — —
Liability for unrecognized tax
benefits(6)............. 1,737 1,737 1,737 — — —
Total .................. $2,921,276 $1,061,050 $191,807 $363,702 $83,216 $422,325
(1) The aggregate capacity amount of $1,062,000 in the table above represents the maximum capacity available
under these facilities. Our actual capacity is dependent upon the actual amount of eligible trade accounts
receivable that may be used to support these facilities. As of January 1, 2011, our actual aggregate capacity
under these programs based on eligible trade accounts receivable was approximately $1,037,000.
(2) The capacity amount in the table above includes the mark-to-market value of the interest rate swap which
amounts to $9,252 (see Note 6 to our consolidated financial statements).
(3) The capacity amount in the table above represents the maximum capacity available under these facilities.
Certain of these facilities can also be used to support letters of credit. At January 1, 2011, letters of credit
totaling $26,941 were issued to certain vendors to support payment of insurance claims or the performance by
our subsidiaries with respect to certain lease arrangements, vendor purchase obligations, or other operating
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