AMD » Topics » Spansion Operating Lease Guarantee

This excerpt taken from the AMD 10-Q filed Nov 7, 2007.

Spansion Operating Lease Guarantee

Prior to Spansion’s IPO, we guaranteed certain operating leases entered into by Spansion and its subsidiaries totaling $2 million as of September 29, 2007. The amounts guaranteed are reduced by the actual amount of lease payments paid by Spansion over the lease terms.

No liability has been recognized for these guarantees related to Spansion under the provisions of FIN 45 because we concluded the fair value of the guarantees is not significant after considering various factors including the ability of Spansion to make the payments on these obligations and the short maturity of the indebtedness.

This excerpt taken from the AMD 10-Q filed Aug 7, 2007.

Spansion Operating Lease Guarantee

Prior to Spansion’s IPO, we guaranteed certain operating leases entered into by Spansion and its subsidiaries totaling $2 million as of June 30, 2007. The amounts guaranteed are reduced by the actual amount of lease payments paid by Spansion over the lease terms.

No liability has been recognized for these guarantees related to Spansion under the provisions of FIN 45 because we concluded the fair value of the guarantees is not significant after considering various factors including Spansion’s credit rating, the ability of Spansion to make the payments on these obligations and the short maturity of the indebtedness.

EXCERPTS ON THIS PAGE:

10-Q
Nov 7, 2007
10-Q
Aug 7, 2007
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