Best Buy 2012 Annual Report Download - page 54

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54
The following table presents information regarding our contractual obligations by fiscal year ($ in millions):
Payments Due by Period
Contractual Obligations Total Less Than
1 Year 1-3 Years 3-5 Years More Than
5 Years
Short-term debt obligations $ 480 $ 480 $ — $ — $ —
Long-term debt obligations 1,498 — 500 349 649
Capital lease obligations 81 18 35 11 17
Financing lease obligations 149 22 47 40 40
Interest payments 500 101 142 105 152
Operating lease obligations(1) 7,517 1,216 2,217 1,732 2,352
Purchase obligations(2) 3,548 1,771 1,499 278 —
Unrecognized tax benefits(3) 387
Deferred compensation(4) 62
Total $ 14,222 $ 3,608 $ 4,440 $ 2,515 $ 3,210
Note: For additional information refer to Note 8, Debt; Note 11, Leases; Note 13, Income Taxes and Note 15, Contingencies and Commitments, in the Notes to
Consolidated Financial Statements, included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.
(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 $2.1 billion at March 3, 2012.
(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) Unrecognized tax benefits relate to uncertain tax positions recorded under accounting guidance that 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.
(4) Included in Long-term liabilities on our Consolidated Balance Sheet at March 3, 2012, was a $62 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.
Additionally, we have $2.8 billion in undrawn capacity on our credit facilities at March 3, 2012, which if drawn upon, would be
included as short-term debt in our Consolidated Balance Sheets.