SunTrust 2010 Annual Report Download - page 79

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also hold, as of December 31, 2010, a total of approximately $215 million of private equity investments that include direct
investments and limited partnerships. We hold these investments as long-term investments and make additional contributions
based on our contractual commitments but have decided to limit investments into new private equity investments.
Impairment charges could occur if deteriorating conditions in the market persist, including, but not limited to, goodwill and
other intangibles impairment charges and increased charges with respect to OREO.
OFF-BALANCE SHEET ARRANGEMENTS
See discussion of off-balance sheet arrangements in Note 11, “Certain Transfers of Financial Assets, Mortgage Servicing
Rights and Variable Interest Entities,” and Note 18, “Reinsurance Arrangements and Guarantees,” to the Consolidated
Financial Statements.
CONTRACTUAL COMMITMENTS
In the normal course of business, we enter into certain contractual obligations, including obligations to make future payments
on debt and lease arrangements, contractual commitments for capital expenditures, and service contracts. Table 26
summarizes our significant contractual obligations as of December 31, 2010, except for pension and other postretirement
benefit plans, included in Note 16, “Employee Benefit Plans,” to the Consolidated Financial Statements. Table 27 illustrates
our unfunded lending commitments as of December 31, 2010 and December 31, 2009.
Table 26 – Contractual Commitments
As of December 31, 2010
(Dollars in millions) 1 year or less 1-3 years 3-5 years After 5 years Total
Time deposit maturities 1$12,319 $6,357 $4,754 $110 $23,540
Short-term borrowings 15,821 - - - 5,821
Long-term debt 1,2 4,571 2,043 811 6,209 13,634
Operating lease obligations 209 379 327 561 1,476
Capital lease obligations 1223714
Purchase obligations 3143 372 226 304 1,045
Total $23,065 $9,153 $6,121 $7,191 $45,530
1Amounts do not include accrued interest.
2Amounts do not include capital lease obligations.
3Includes contracts with a minimum annual payment of $5 million.
Table 27 – Unfunded Lending Commitments
As of December 31,
(Dollars in millions) 2010 2009
Unused lines of credit
Commercial $34,363 $35,028
Mortgage commitments 19,159 12,227
Home equity lines 13,557 15,208
CRE 1,579 1,922
CP conduit 1,091 3,787
Credit card 3,561 3,946
Total unused lines of credit $63,310 $72,118
Letters of credit
Financial standby $6,263 $8,778
Performance standby 108 140
Commercial 68 83
Total letters of credit $6,439 $9,001
1Includes $4 billion and $3 billion in IRLCs accounted for as derivatives as of December 31, 2010 and December 31, 2009, respectively.
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