AMD 2011 Annual Report Download - page 109

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Future Payments on Long Term Debt and Capital Lease Obligations
As of December 31, 2011, the Company’s long term debt and capital lease payment obligations for each of
the next five years and beyond, are:
Long Term
Debt
(Principal
only)
Capital
Leases
(In millions)
2012 .................................................... $ 485 $ 6
2013 .................................................... — 6
2014 .................................................... — 6
2015 .................................................... 580 6
2016 .................................................... — 6
2017 and beyond .......................................... 1,000 1
Total .................................................... 2,065 31
Less: amount representing interest ............................ — 5
Total .................................................... $2,065 $26
Other Short-Term Obligations—Receivable Financing Arrangement
In 2011, the Company received proceeds of approximately $170 million from the sale of accounts
receivable under the receivable financing arrangement with the IBM Parties. The IBM Parties collected
approximately $396 million from the Company’s distributor customers participating in the financing
arrangement. The Company terminated the financing arrangement with the IBM Parties in February 2011and
there were no outstanding invoices as of December 31, 2011.
NOTE 11: Legal Settlements
SGI (Graphics Properties Holdings, Inc.) v. ATI and AMD, Case No.06-C-0611 in the United States District
Court for the Western District of Wisconsin
On April 18, 2011, the parties entered into a confidential Settlement and License Agreement that resolved
this litigation matter for an immaterial amount and that provides immunity under all Graphics Properties
Holdings, Inc. (GPHI) patents for alleged infringement by AMD products, including components, software and
designs. On April 26, 2011, the Court entered an order granting the parties’ agreed motion for dismissal and final
judgment.
Graphics Properties Holdings, Inc. (GPHI) v. Nintendo, Acer, Sony, Apple, and Toshiba, Case
No. 10-CV-08655 in the Southern District of New York
Under the confidential terms of the Settlement and License Agreement, GPHI notified the defendants that
the Settlement and License Agreement (as described above) entered into by AMD and GPHI immunizes the
defendants from GPHI’s allegations of infringement as to AMD graphics products and designs in that case and
requested the defendants’ agreement to the joint dismissal of the claims and counterclaims asserted in this
litigation matter. The defendants agreed to joint dismissal. Accordingly, on July 22, 2011, the case was
terminated.
Graphics Properties Holdings, Inc. (GPHI) v. Dell, Alienware, Lenovo, Gateway, and Hewlett-Packard, Case
No. 10-CV-00992 in the District of Delaware
Under the confidential terms of the Settlement and License Agreement, GPHI notified the defendants that
the Settlement and License Agreement (as described above) entered into by AMD and GPHI immunizes the
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