21.

COMMITMENTS

The Company’s commitments as of December 31, 2013 were as follows:


In millions of U.S. dollars	Total		2014		2015		2016		2017		2018		Thereafter
Operating leases		242		54		37		29		26		22		74
Purchase obligations		434		383		48		3		—		—		—
of which:
Equipment purchase		*163*		*163*		—		—		—		—		—
Foundry purchase		92		92		—		—		—		—		—
Software, design, technologies and licenses		*179*		*128*		48		3		—		—		—
Other obligations		481		155		120		100		80		24		2

Total		1,157		592		205		132		106		46		76

As a consequence of the Company’s planned closures of certain of its manufacturing facilities, some of the contracts as reported above have been terminated. The termination fees for the sites still in operation have not been taken into account.

Operating leases are mainly related to building and equipment leases. The amount disclosed is composed of minimum payments for future leases from 2014 to 2018 and thereafter. The Company leases land, buildings, plants and equipment under operating leases that expire at various dates under non-cancellable lease agreements. Operating lease expense was $83 million for the year ended December 31, 2013, $114 million for the year ended December 31, 2012 and $135 million for the year ended December 31, 2011.

Purchase obligations are primarily comprised of purchase commitments for equipment, for outsourced foundry wafers and for software licenses.

Other obligations primarily relate to firm contractual commitments with respect to partnership and cooperation agreements.