United Healthcare 2012 Annual Report Download - page 57

paid to Amil’s controlling shareholders, adjusted for statutory interest under Brazilian law from the date of
payment to the controlling shareholders to the date of payment to the tendering minority shareholders.
CONTRACTUAL OBLIGATIONS AND COMMITMENTS
The following table summarizes future obligations due by period as of December 31, 2012, under our various
contractual obligations and commitments:
(in millions) 2013 2014 to 2015 2016 to 2017 Thereafter Total
Debt (a) ...................................... $3,413 $3,271 $3,384 $16,769 $26,837
Operating leases ............................... 380 676 510 556 2,122
Purchase obligations (b) ......................... 137 184 7 — 328
Future policy benefits (c) ........................ 135 256 265 1,923 2,579
Unrecognized tax benefits (d) .................... 11 — — 60 71
Other liabilities recorded on the Consolidated Balance
Sheet (e) ................................... 89 18 6 1,511 1,624
Other obligations (f) ............................ 50 144 60 43 297
Redeemable noncontrolling interests (g) ............ 1,393 182 546 — 2,121
Total contractual obligations ..................... $5,608 $4,731 $4,778 $20,862 $35,979
(a) Includes interest coupon payments and maturities at par or put values. For variable rate debt, the rates in
effect at December 31, 2012 were used to calculate the interest coupon payments. The table also assumes
amounts are outstanding through their contractual term. See Note 8 of Notes to the Consolidated Financial
Statements included in Item 8, “Financial Statements” for more detail.
(b) Includes fixed or minimum commitments under existing purchase obligations for goods and services,
including agreements that are cancelable with the payment of an early termination penalty. Excludes
agreements that are cancelable without penalty and excludes liabilities to the extent recorded in our
Consolidated Balance Sheets as of December 31, 2012.
(c) Future policy benefits represent account balances that accrue to the benefit of the policyholders, excluding
surrender charges, for universal life and investment annuity products and for long-duration health policies
sold to individuals for which some of the premium received in the earlier years is intended to pay benefits to
be incurred in future years. See Note 2 of Notes to the Consolidated Financial Statements included in
Item 8, “Financial Statements” for more detail.
(d) As the timing of future settlements is uncertain, the long-term portion has been classified as “Thereafter.”
(e) Includes obligations associated with contingent consideration and other payments related to business
acquisitions, certain employee benefit programs, charitable contributions related to the PacifiCare
acquisition and various other long-term liabilities. Due to uncertainty regarding payment timing, obligations
for employee benefit programs, charitable contributions and other liabilities have been classified as
“Thereafter.”
(f) Includes remaining capital commitments for venture capital funds and other funding commitments.
(g) Includes commitments to purchase the remaining publicly traded Amil shares as well as the put/call for the
shares owned by Amil’s remaining non-public shareholders. See Note 6 of Notes to the Consolidated
Financial Statements included in Item 8, “Financial Statements” for more detail.
We do not have other significant contractual obligations or commitments that require cash resources; however,
we continually evaluate opportunities to expand our operations. This includes internal development of new
products, programs and technology applications, and may include acquisitions.
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