AMD 2006 Annual Report Download - page 299

Spansion Inc.
Notes to Consolidated Financial Statements—(Continued)
The gross amount of assets recorded under capital leases totaled approximately $320 million and $396 million as of December 31, 2006 and December 25,
2005, respectively and accumulated amortization of these leased assets was approximately $177 million and $229 million as of December 31, 2006 and
December 25, 2005, respectively. These leased assets are included in the related property, plant and equipment category. Amortization of assets recorded under
capital leases is included in depreciation expense. AMD has guaranteed approximately $3 million and $36 million of the Company’s aggregate outstanding
capital lease obligations as of December 31, 2006 and December 25, 2005, respectively. Fujitsu did not guarantee any of the Company’s outstanding capital lease
obligations as of December 31, 2006. Fujitsu has guaranteed approximately $18 million of the Company’s aggregate outstanding capital lease obligations as of
December 25, 2005.
Scheduled Maturities of Debt and Future Minimum Capital Lease Payments
For each of the next five years and beyond, the Company’s scheduled maturities of debt and future minimum capital lease payments outstanding as of
December 31, 2006 are as follows:
Debt
Obligations to
Related Parties Other Debt Capital Leases
Fiscal 2007 $ 500 $ 46,168 $ 73,418
Fiscal 2008 — 5,635 39,163
Fiscal 2009 — 4,273 29,178
Fiscal 2010 — 4,000 9,728
Fiscal 2011 — 4,000 6,765
2012 and beyond — 938,000 —
500 1,002,076 158,252
Less amount representing interest — (21,012)
Less amount representing discount — (21,769) —
Total $ 500 $ 980,307 $ 137,240
10. Guarantees of Company Debt by Related Parties
The following tables summarize the amounts guaranteed by AMD and Fujitsu related to the underlying liabilities of the Company:
Liabilities Guaranteed by AMD
As of
Dec. 31, 2006
As of
Dec. 25, 2005
(in thousands)
Spansion capital lease guarantees $ 2,708 $ 35,851
Spansion operating lease guarantees 3,977 7,071
Total debt guaranteed by AMD $ 6,685 $ 42,922
Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2007