AMD 2007 Annual Report Download - page 133

Table of Contents
Future Payments on Debt and Capital Lease Obligations
For each of the next five years and beyond, the Company’s debt and capital lease payment obligations are:
Long-Term
Debt
(Principal
only)
Capital
Leases Total
(In millions)
2008 $ 228 $ 42 $ 270
2009 317 42 359
2010 305 42 347
2011 91 42 133
2012 1,891 42 1,933
Beyond 2012 2,203 244 2,447
Total 5,035 454 5,489
Less: amount representing interest — 220 220
Total $ 5,035 $ 234 $ 5,269
NOTE 10: Interest Expense and Other Income (Expense), Net
Interest Expense
2007 2006 2005
(In millions)
Total interest charges $ 390 $ 136 $ 140
Less: interest capitalized 23 10 35
Interest expense $ 367 $ 126 $ 105
The company has capitalized interest in each of the past three years primarily in connection with its Fab 36 wafer fabrication plant construction and
equipment facilitization activities in Dresden, Germany and in connection with the construction of a new corporate campus in Austin, Texas.
Other Income (Expense), Net
2007 2006 2005
(In millions)
Write-off of unamortized debt issuance cost associated to October 2006 Term Loan $ (22) $ — $ —
Gain on sale of vacant land in Sunnyvale, California 19 — —
Charges on redemption of 7.75% Notes — (20) —
Fab 36 Term Loan commitment and guarantee fees (6) (12) (14)
Gain on Spansion LLC’s repurchase of its 12.75% Notes — 10 —
Loss on ineffective hedge — — (10)
Other 2 9 —
Other income (expense), net $ (7) $ (13) $ (24)
NOTE 11: Segment Reporting
Management, including the Chief Operating Decision Maker (CODM), who is the Company’s chief executive officer, reviews and assesses operating
performance using segment net revenues and operating income (loss) before interest, other income (expense), equity in net loss of Spansion Inc. and other,
income taxes and minority interest. These performance measures include the allocation of expenses to the operating segments based on management’s judgment.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008