AMD 2012 Annual Report Download - page 108
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The Company may elect to purchase or otherwise retire the 7.50% Notes with cash, stock or other assets
from time to time in open market or private negotiated transactions, either directly or through intermediaries, or
by tender offer, when the Company believes the market conditions are favorable to do so.
The agreements governing its 6.00% Notes, 8.125% Notes, 7.75% Notes and 7.50% Notes contain
cross-default provisions whereby a default under one agreement would likely result in cross defaults under
agreements covering other borrowings. The occurrence of a default under any of these borrowing arrangements
would permit the applicable note holders to declare all amounts outstanding under those borrowing arrangements
to be immediately due and payable.
Capital Lease Obligations
As of December 29, 2012, the Company had aggregate outstanding capital lease obligations of $23 million
for one of its facilities in Canada, which is payable in monthly installments through 2017.
The gross amount of assets recorded under capital leases totaled approximately $23 million as of
December 29, 2012 and December 31, 2011, and is included in the related property, plant and equipment
category. Amortization of assets recorded under capital leases is included in depreciation expense. Accumulated
amortization of these leased assets was approximately $14 million and $12 million as of December 29, 2012 and
December 31, 2011, respectively.
Future Payments on Long Term Debt and Capital Lease Obligations
As of December 29, 2012, the Company’s future long term debt and capital lease payment obligations were
as follows:
Long Term
Debt
(Principal
only)
Capital
Leases
(In millions)
2013 .................................................... $ — $ 6
2014 .................................................... — 6
2015 .................................................... 580 6
2016 .................................................... — 6
2017 .................................................... 500 1
2018 and thereafter ........................................ 1,000 —
Total .................................................... 2,080 25
Less: imputed interest ...................................... — 2
Total .................................................... $2,080 $ 23
100