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CNH » Topics » F. Tabular Disclosure of Contractual Obligations.

This excerpt taken from the CNH 20-F filed Mar 3, 2009.

F. Tabular Disclosure of Contractual Obligations.

The following table sets forth the aggregate amounts of our contractual obligations and commitments with definitive payment terms that will require significant cash outlays in the future. The commitment amounts as of December 31, 2008, are as follows:

 

     Payments Due by Period
     Total    Less than
1 year		    1-3 years    4-5 years    After
5 years
     (in millions)

Long-term debt

    $ 7,877    $ 2,530    $ 3,288    $ 496    $ 1,563

Interest on fixed rate debt(1)

      1,314      289      457      354      214

Interest on floating rate debt(1)

      1,456      318      528      486      124

Operating leases(2)

      179      38      54      38      49

Uncertain tax positions(3)

      44      44      —      —      —
                                  

Total contractual cash obligations

    $ 10,870    $ 3,219    $ 4,327    $ 1,374    $ 1,950
                                  

 

(1)

The interest funding requirements are based on the 2008 interest rates and the assumption that short-term debt will be renewed for the next five years.

(2)

Minimum rental commitments.

(3)

We apply the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes—An Interpretation of FASB Statement No. 109. See “Note 10 Income Taxes” of our consolidated financial statements. The total amount of gross unrecognized tax benefits for uncertain tax positions, including positions impacting only the timing of tax benefits was $374 for the year ended December 31, 2008. Payment of these liabilities would result from settlements with taxing authorities. Because of the high degree of uncertainty relating to the timing of future cash outflows associated with these liabilities, we are unable to reasonably estimate beyond one year when settlement will occur with respective taxing authorities.

This excerpt taken from the CNH 20-F filed Mar 5, 2008.

F. Tabular Disclosure of Contractual Obligations.

The following table sets forth the aggregate amounts of our contractual obligations and commitments with definitive payment terms that will require significant cash outlays in the future. The commitment amounts as of December 31, 2007, are as follows:

 

     Payments Due by Period
     Total    Less than
1 year		    1-3 years    4-5 years    After
5 years
     (in millions)

Long-term debt

    $ 5,367    $ 1,487    $ 1,924    $ 371    $ 1,585

Interest on fixed rate debt(1)

      1,397      277      463      365      292

Interest on floating rate debt(1)

      1,638      370      587      557      124

Operating leases(2)

      163      36      44      29      54

Uncertain tax positions(3)

      104      104      —        —        —  

Joint venture funding requirements

      13      13      —        —        —  
                                  

Total contractual cash obligations

    $ 8,682    $ 2,287    $ 3,018    $ 1,322    $ 2,055
                                  

 

(1)

The interest funding requirements are based on the 2007 interest rates and the assumption that short-term debt will be renewed for the next five years.

(2)

Minimum rental commitments.

(3)

On January 1, 2007, we adopted the provisions of Financial Accounting Standards Board (“FASB”) Interpretation No. 48, Accounting for Uncertainty in Income Taxes—An Interpretation of FASB Statement No. 109. See Note 10 Income Taxes. As of December 31, 2007, we had approximately $406 million of gross unrecognized tax benefits related to uncertain tax positions. Because of the high degree of uncertainty relating to the timing of future cash outflows associated with these liabilities, we are unable to reasonably estimate beyond one year when settlement will occur with the respective taxing authorities.

We participate in a joint venture which has a Note Agreement with an outstanding balance of approximately $13 million at December 31, 2007. We are required to fund the remaining principal balance in 2008.

EXCERPTS ON THIS PAGE:

20-F
Mar 3, 2009
20-F
Mar 5, 2008

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