Table of contents as filed with the Securities and Exchange Commission on April 8, 2016 Registration No. 333-210291
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- Bu səhifədəki naviqasiya:
- Contractual Obligations
- Payments Due In
- 2017 – 2018 2019 – 2020
- Off Balance Sheet Arrangements
- Recent Accounting Pronouncements
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(1)
Includes separation-related capital expenditures of $66 million and $21 million for the years ended December 31, 2015 and 2014, respectively. 61 TABLE OF CONTENTS The decrease in our ongoing capital expenditures in 2015 compared with 2014 is due to lower spending in 2015 as we finish the expansion of our Altamira production facility. Capital expenditures as a percentage of our net sales were 9%, 9% and 6% for the years ended December 31, 2015, 2014 and 2013, respectively. We expect our capital expenditures, excluding separation-related spending, to decline in 2016 and 2017 as we finish the expansion of our Altamira production facility, reaching a more normalized level of approximately $350 million per year beginning in 2017. For further detail related to our environmental capital expenditures, see “— Environmental Matters.”
Information related to the Company’s significant contractual obligations is summarized in the table below.
(1)
To calculate payments due for principal and interest, we assumed that interest rates, foreign currency exchange rates, and outstanding borrowings under credit facilities were unchanged from December 31, 2015 through maturity. (2) Represents enforceable and legally binding agreements 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) Includes expected contributions and benefits payments in excess of plan assets to be made to fund our pension and other long-term employee benefit plans. Actual payments will depend on several factors, including investment performance and discount rates, and may also be affected by changes in applicable local requirements. See Note 21 to the Consolidated Financial Statements included elsewhere in this prospectus for additional information. (4) Due to uncertainty regarding the completion of tax audits and possible outcomes, we are unable to determine the timing of payments related to unrecognized tax benefits. See Note 8 to the Consolidated Financial Statements included elsewhere in this prospectus for additional information. 62 TABLE OF CONTENTS Off Balance Sheet Arrangements Information with respect to Chemours’ guarantees is included in Note 19 to the Consolidated Financial Statements. Historically, Chemours has not made significant payments to satisfy guarantee obligations; however, Chemours believes it has the financial resources to satisfy these guarantees in the event required. Recent Accounting Pronouncements See Note 3 to the Consolidated Financial Statements included elsewhere in this prospectus for a summary of recent accounting pronouncements. Yüklə 6,05 Mb. Dostları ilə paylaş:
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