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Strategy FINANCIAL SECTION
84 Corporate DataBusiness Segment Corporate Structure
Derivatives not designated as hedging instruments
18. COMMITMENTS AND CONTINGENT LIABILITIES
Commitments
At December 31, 2013, commitments outstanding for the
purchase of property, plant and equipment approximated
¥26,218 million ($249,695 thousand), and commitments
outstanding for the purchase of parts and raw materials
approximated ¥73,914 million ($703,943 thousand).
Canon occupies sales offices and other facilities under
lease arrangements accounted for as operating leases.
Deposits made under such arrangements aggregated
¥13,448 million ($128,076 thousand) and ¥13,313 million at
December 31, 2013 and 2012, respectively, and are included
in noncurrent receivables in the accompanying consoli-
dated balance sheets. Rental expenses under such operating
lease arrangements amounted to ¥44,562 million ($424,400
thousand), ¥40,273 million and ¥38,167 million for the
years ended December 31, 2013, 2012 and 2011, respectively.
Future minimum lease payments required under noncancelable operating leases that have initial or remaining lease
terms in excess of one year at December 31, 2013 are as follows:
Years ended December 31 Gain (loss) recognized in income on derivative
Millions of yen
Thousands of
U.S. dollars
Location 2013 2012 2011 2013
Foreign exchange contracts Other, net
¥(61,787)
¥(30,602) ¥11,168 $(588,448)
Year ending December 31:
Millions of yen
Thousands of
U.S. dollars
2014 ¥ 28,523 $ 271,648
2015 20,337 193,686
2016 17,578 167,410
2017 10,046 95,676
2018 6,400 60,952
Thereafter 13,180 125,523
Total future minimum lease payments ¥ 96,064 $ 914,895