DuPont 2012 Annual Report Download - page 34
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continued
Certain Guarantee Contracts
Information with respect to the company's guarantees is included in Note 16 to the Consolidated Financial Statements. Historically, the company has not had
to make significant payments to satisfy guarantee obligations; however, the company believes it has the financial resources to satisfy these guarantees.
Contractual Obligations
Information related to the company's significant contractual obligations is summarized in the following table:
(Dollars in millions)
Long-term debt obligations1$11,693 $1,252 $3,124 $1,596 $5,721
Expected cumulative cash requirements for
interest payments through maturity 3,247 422 699 585 1,541
Capital leases127 37413
Operating leases 1,414 320 473 331 290
Purchase obligations2
Information technology infrastructure &
services 184 120 57 7 —
Raw material obligations 671 429 169 35 38
Utility obligations 230 71 71 41 47
INVISTA-related obligations31,293 165 328 328 472
Human resource services 83 28 55 — —
Other 206 152 34 19 1
Total purchase obligations 2,667 965 714 430 558
Other liabilities1,4
Workers' compensation 87 14 38 16 19
Asset retirement obligations 64 1 21 339
Environmental remediation 436 83 176 60 117
Legal settlements 20 7 5 4 4
License agreements5551 153 259 139 —
Other6199 73 33 18 75
Total other long-term liabilities 1,357 331 532 240 254
Total contractual obligations7,8 $20,405 $ 3,293 $ 5,549 $3,186 $ 8,377
1. Included in the Consolidated Financial Statements.
2. Represents enforceable and legally binding agreements in excess of $1 million to purchase goods or services that specify fixed or minimum quantities; fixed, minimum or variable price
provisions; and the approximate timing of the agreement.
3. Primarily represents raw material supply obligations.
4. Pension and other long-term employee benefit obligations have been excluded from the table as they are discussed below within Long-term Employee Benefits.
5. Primarily represents remaining expected payments under Pioneer license agreements.
6. Primarily represents employee-related benefits other than pensions and other long-term employee benefits.
7. Due to uncertainty regarding the completion of tax audits and possible outcomes, the estimate of obligations related to unrecognized tax benefits cannot be made. See Note 6 to the
Consolidated Financial Statements for additional detail.
8. At December 31, 2012, approximately $140 million of the company's contractual obligations relate to the Performance Coatings business, which primarily represents operating leases.
The company expects to meet its contractual obligations through its normal sources of liquidity and believes it has the financial resources to satisfy these
contractual obligations.
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