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Commitments and Contingencies |
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Sep. 30, 2019 |
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| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| COMMITMENTS AND CONTINGENCIES |
NOTE 15 – COMMITMENTS AND CONTINGENCIES
Factoring.
We have agreements (referred to as “factoring agreements”) with financial institutions to sell certain of our trade receivables and promissory notes from customers without recourse. We do not believe we are at risk for any material losses as a result of these agreements. In addition, we periodically sell certain letters of credit (“LCs”), without recourse, received from customers in payment for goods and services.
The following table shows total receivables sold under factoring agreements and proceeds from sales of LCs for the indicated periods:
Factoring and LC fees for the sale of certain trade receivables were recorded in other expense (income), net and were not material for the periods presented.
Purchase Commitments.
We maintain commitments to purchase inventory from our suppliers as well as goods, services, and other assets in the ordinary course of business. Our liability under these purchase commitments is generally restricted to a forecasted time-horizon as mutually agreed upon between the parties. This forecasted time-horizon can vary among different suppliers. Our estimate of our significant purchase commitments for primarily material, services, supplies and asset purchases is approximately
6.435亿美元
作为
September 30, 2019
, which are primarily due within the next
12
月份。
实际支出将根据提供的交易量和所提供的合同服务长度而有所不同。此外，如果安排重新谈判或取消，则根据这些安排支付的金额可能会更少。某些协议规定了潜在的取消罚款。
现金长期激励计划。
As of
September 30, 2019
, we have committed
$176.0 million
for future payment obligations under our Cash LTI Plan. The calculation of compensation expense related to the Cash LTI Plan includes estimated forfeiture rate assumptions. Cash LTI awards issued to employees under the Cash LTI Plan vest in
三
or
四个
equal installments, with
one-third
or
one-fourth
of the aggregate amount of the Cash LTI award vesting on each anniversary of the grant date over a
三
or
四个
-year period. In order to receive payments under a Cash LTI award, participants must remain employed by us as of the applicable award vesting date.
Guarantees and Contingencies.
我们维护各种金融机构可用的保证安排
4920万美元
, of which
$43.0 million
已发行
September 30, 2019
, primarily to fund guarantees to customs authorities for value-added tax (“VAT”) and other operating requirements of our subsidiaries in Europe, Israel and Asia.
Indemnification Obligations.
在某些限制的前提下，我们有义务就某些与我们的服务有关的诉讼事项和调查，对当前和前任董事，官员和雇员进行赔偿。这些义务是根据我们的公司证书，我们的章程，适用合同以及特拉华州和加利福尼亚州法律产生的。赔偿赔偿的义务通常意味着我们必须支付或偿还个人合理的法律费用，可能损害与这些事项有关的损害和其他责任。例如，我们已经付款或偿还了与我们的历史股票期权惯例的调查以及我们现任和前任董事，官员和雇员的相关诉讼和政府询问有关的法律费用。尽管我们可能需要根据本段中普遍描述的赔偿义务进行的最大未来付款金额在理论上是无限的，但我们认为，在我们已经确定的储备金中，适当考虑了这一责任的公允价值，在可估计的范围内。目前正在审理法律程序。
我们是根据某些事项对另一方赔偿的各种协议的一方。通常，这些义务是与合同和许可协议或资产出售有关的，我们通常同意将另一方置于无害的损失，或者为客户提供其他补救措施，以防止，身体伤害或对个人损害由我们的产品造成的财产，不符合我们的产品绩效规范，我们的第三方知识产权产品的侵权以及违反与诸如资产产权等问题的保修，陈述和盟约的侵犯，某些知识产权的有效性权利，第三方权利的不侵权以及某些与所得税有关的事项。在每种情况下，我们的付款通常受另一方面的要求，根据特定合同中指定的程序提出要求并与我们合作。这通常使我们能够挑战另一方的主张，或者在违反知识产权代表或盟约的情况下，可以控制对另一方提出的任何第三方主张的辩护或解决。此外，我们根据这些协议的义务在金额，活动方面可能受到限制（通常是我们选择替换或纠正或纠正产品或退款给另一方的协议的选择）和持续时间。在某些情况下，我们可能会针对第三方和/或保险，以涵盖我们的某些付款。
In addition, we may in limited circumstances enter into agreements that contain customer-specific commitments on pricing, tool reliability, spare parts stocking levels, response time and other commitments. Furthermore, we may give these customers limited audit or inspection rights to enable them to confirm that we are complying with these commitments. If a customer elects to exercise its audit or inspection rights, we may be required to expend significant resources to support the audit or inspection, as well as to defend or settle any dispute with a customer that could potentially arise out of such audit or inspection. To date, we have made no significant accruals in our Condensed Consolidated Financial Statements for this contingency. While we have not in the past incurred significant expenses for resolving disputes regarding these types of commitments, we cannot make any assurance that it will not incur any such liabilities in the future.
It is not possible to predict the maximum potential amount of future payments under these or similar agreements due to the conditional nature of our obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by us under these agreements have not had a material effect on our business, financial condition, results of operations or cash flows.
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