21.

COMMITMENTS

The Company’s commitments as of December 31, 2014 were as follows:


	Total		2015		2016		2017		2018		2019		Thereafter
Operating leases		199		47		34		27		21		13		57
Purchase obligations		391		362		15		6		5		3		—
of which:
Equipment purchase		171		171		—		—		—		—		—
Foundry purchase		83		83
Software, design, technologies and licenses		137		108		15		6		5		3		—
Other obligations		512		284		117		81		28		2		—

Total		1,102		693		166		114		54		18		57

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 2015 to 2019 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 $66 million for the year ended December 31, 2014, $83 million for the year ended December 31, 2013 and $114 million for the year ended December 31, 2012.

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 and other service agreements.