Snapple 2010 Annual Report Download - page 64

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Contractual Commitments and Obligations
We enter into various contractual obligations that impact, or could impact, our liquidity. Based on our current and
anticipated level of operations, we believe that our proceeds from operating cash flows will be sufficient to meet our anticipated
obligations. To the extent that our operating cash flows are not sufficient to meet our liquidity needs, we may issue Commercial
Paper and/or utilize amounts available under our Revolver. Additionally, we may issue unsecured Senior Notes under our shelf
registration statement. Refer to Notes 9, 12, 15 and 20 of the Notes to our Audited Consolidated Financial Statements for
additional information regarding the items described in this table. The following table summarizes our contractual obligations
and contingencies at December 31, 2010 (in millions):
Senior unsecured notes(6)
Capital leases(1)
Interest payments(2)(6)
Operating leases(3)
Purchase obligations(4)
Other long-term liabilities(5)
Payable to Kraft
Total
Total
$ 2,074
19
956
348
595
13
119
$ 4,124
Payments Due in Year
2011
$ 400
5
94
71
369
1
7
$ 947
2012
$ 450
5
92
58
103
1
7
$ 716
2013
$ 250
5
74
51
71
1
7
$ 459
2014
$—
4
67
41
26
1
7
$ 146
2015
$—
—
68
33
7
1
7
$ 116
After
2015
$ 974
—
561
94
19
8
84
$ 1,740
____________________________
(1) Amounts represent capitalized lease obligations, net of interest, plus anticipated contingent rentals based on current
payment levels. Interest in respect of capital leases is included under the caption “Interest payments” on this table.
(2) Amounts represent our estimated interest payments based on: (a) projected interest rates for floating rate debt, (b) the
impact of interest rate swaps which convert variable interest rates to fixed rates, (c) specified interest rates for fixed rate
debt, (d) capital lease amortization schedules and (e) debt amortization schedules.
(3) Amounts represent minimum rental commitment under non-cancelable operating leases.
(4) Amounts represent payments under agreements to purchase goods or services that are legally binding and that specify all
significant terms, including capital obligations and long-term contractual obligations.
(5) Amounts represent estimated pension and postretirement benefit payments for U.S. and non-U.S. defined benefit plans.
(6) Subsequent to December 31, 2010, the Company completed the issuance of $500 million aggregate principal amount of the
2016 Notes. The total interest payments associated with these Notes would be $73 million. The issuance of the 2016 Notes
and the associated interest payments are not reflected in this table.
In accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), we had $561
million of unrecognized tax benefits, related interest and penalties as of December 31, 2010, classified as a long-term liability.
The table above does not reflect any payments related to tax reserves if it is not possible to make a reasonable estimate of the
amount or timing of the payment.
Off-Balance Sheet Arrangements
There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on
our results of operations, financial condition, liquidity, capital expenditures or capital resources.
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