Best Buy 2008 Annual Report Download - page 56

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(1) Operating lease obligations do not include payments to landlords covering real estate taxes and common area maintenance. These
charges, if included, would increase total operating lease obligations by $1.8 billion at March 1, 2008.
(2) Purchase obligations include agreements to purchase goods or services that are enforceable, are legally binding and 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. Purchase obligations do not include agreements that are cancelable without penalty.
Additionally, although they are not legally binding agreements, we included open purchase orders in the table above. Substantially
all open purchase orders are fulfilled within 30 days.
(3) We have a contractual commitment to acquire the remaining 25% interest in Five Star within the next several years, subject to
Chinese government approval. Due to uncertainties concerning the purchase amount, timing and ability to obtain the necessary
governmental approval of the acquisition, this commitment is excluded from the table.
(4) Unrecognized tax benefits relate to uncertain tax positions recorded under Financial Accounting Standards Board Interpretation
No. 48, which we adopted on March 4, 2007. As we are not able to reasonably estimate the timing of the payments or the amount
by which the liability will increase or decrease over time, the related balances have not been reflected in the ‘‘Payments Due by
Period’’ section of the table.
(5) Included in other long-term liabilities on our consolidated balance sheet at March 1, 2008, was a $74 million obligation for
deferred compensation. As the specific payment dates for the deferred compensation are unknown, the related balances have not
been reflected in the ‘‘Payments Due by Period’’ section of the table.
48