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Commitments
 12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments
  22. COMMITMENTS

The Company’s commitments as of December 31, 2016 were as follows:

 

In millions of U.S. dollars

    Total      2017      2018      2019      2020      2021      Thereafter  

Operating leases

      168        46        31        19        16        13        43  

Purchase obligations

      619        581        34        4        —          —          —    

of which:

                     

Equipment purchase

      402        402        —          —          —          —          —    

Foundry purchase

      80        80        —          —          —          —          —    

Software, design, technologies and licenses

      137        99        34        4        —          —          —    

Other obligations

      406        248        90        47        9        5        7  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

      1,193        875        155        70        25        18        50  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Operating leases are mainly related to building and equipment leases. The amount disclosed is composed of minimum payments for future leases from 2017 to 2021 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 $56 million for both the years ended December 31, 2016 and 2015 and $66 million for the year ended December 31, 2014.

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.