Symantec 2013 Annual Report Download - page 150

(1) In fiscal 2011, we issued $350 million in principal amount of 2.75% notes due September 2015 and $750
million in principal amount of 4.20% notes due September 2020. In fiscal 2013, we issued $600 million in
principal amount of 2.75% notes due September 2017 and $400 million in principal amount of 3.95% notes
due September 2022. Interest payments were calculated based on terms of the related notes. For further
information on the notes, see Note 6 of the Notes to Consolidated Financial Statements in this annual report.
(2) In fiscal 2007, we issued $1.0 billion in principal amount of 1.00% notes due June 2013. Interest payments
were calculated based on terms of the notes. For further information on the notes, see Note 6 of the Notes to
Consolidated Financial Statements.
(3) These amounts are associated with agreements for purchases of goods or services generally including
agreements that are enforceable and legally binding and that specify all significant terms, including fixed or
minimum quantities to be purchased; fixed, minimum, or variable price provisions; and the approximate
timing of the transaction. The table above also includes agreements to purchase goods or services that have
cancellation provisions requiring little or no payment. The amounts under such contracts are included in the
table above because management believes that cancellation of these contracts is unlikely and we expect to
make future cash payments according to the contract terms or in similar amounts for similar materials.
(4) We have entered into various noncancelable operating lease agreements that expire on various dates beyond
fiscal 2018. The amounts in the table above include $8 million in exited or excess facility costs related to
restructuring activities, excluding expected sublease income.
(5) As of March 29, 2013, we reflected $318 million in long-term income taxes payable related to uncertain tax
positions. At this time, we are unable to make a reasonably reliable estimate of the timing of payments in
individual years beyond the next twelve months due to uncertainties in the timing of the commencement and
settlement of potential tax audits and controversies.
Indemnifications
In the ordinary course of business, we may provide indemnifications of varying scope and terms to
customers, vendors, lessors, business partners, subsidiaries and other parties with respect to certain matters,
including, but not limited to, losses arising out of our breach of agreements or representations and warranties
made by us. In addition, our bylaws contain indemnification obligations to our directors, officers, employees and
agents, and we have entered into indemnification agreements with our directors and certain of our officers to give
such directors and officers additional contractual assurances regarding the scope of the indemnification set forth
in our bylaws and to provide additional procedural protections. We maintain director and officer insurance,
which may cover certain liabilities arising from our obligation to indemnify our directors and officers. It is not
possible to determine the aggregate maximum potential loss under these indemnification agreements due to the
limited history of prior indemnification claims and the unique facts and circumstances involved in each particular
agreement. Such indemnification agreements might not be subject to maximum loss clauses. Historically, we
have not incurred material costs as a result of obligations under these agreements and we have not accrued any
liabilities related to such indemnification obligations in our Consolidated Financial Statements.
We provide limited product warranties and the majority of our software license agreements contain
provisions that indemnify licensees of our software from damages and costs resulting from claims alleging that
our software infringes the intellectual property rights of a third party. Historically, payments made under these
provisions have been immaterial. We monitor the conditions that are subject to indemnification to identify if a
loss has occurred.
Recently issued authoritative guidance
In December 2011, the Financial Accounting Standards Board (“FASB”) issued an accounting standards
update that will require us to disclose information about offsetting and related arrangements associated with
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